John Barnes
Taking Over a Lease Option?
We have a proposal on the table to buy a property with a lease option in place. We would be buying the property for $30,000 and the lease option is $700 per month rent until Jan 2016 when the tenant is buying the prop...
Paulina Purnama
Am I Crazy?! Overestimating? Or is the market waayyy too hot for me?
Click on the pics above for the MLS listing^^^^^^Sorry for the dramatic title but I am really having issues with my numbers. I was hoping some of you guys could help me out. This is my first investment property. I've ...
Shannon Beahler
HELP need mentors new to real estate invest in the Colorado area
I'm new to the real estate world need help on starting outI'm looking for cash flow not flips people been telling me to start wholesale but it's seems like that's just robbing Peter to pay Paul im not new to investin...
Esteban Carrera
Paying Tenant Doesn't Live In Property
Is it bad for a house to sit vacant with no power?Concern: Tenant doesn't live in property, turned off power to house, and lives with his girl friend. House is located in Fayetteville, NC where it doesn't get too cold...
Rachel Hettler
Need Help Underwriting A Property!
Hello, I am working to find my first rental property, and on the surface the deal I'm looking at seems like it has very good long term appreciation potential but I'm not sure how to adjust the current numbers and make...
Nathan Holt
Best Methods to raise rent?
I just acquired my first property and will be needing to change the rent. The property is currently occupied for $695 a month, but as a 1,280 sq ft 3 bedroom 1 bath unit, all the comps in the area are at $950 for the ...
Andrew Jones
Renting and Calculating for Depreciation
I'm trying to understand the calculation for depreciation. I used a calculator and entered some numbers to find the yearly depreciation of a rental property. It tells me that it would depreciate in value by 7,700 a ye...
Kenney Vangalder
Wholesaling to end users
I know it's possible but I'm not sure how to go about it. I've only done wholesale deals to cash buyers. Can the contracts be assigned? Do I have to own the property first? Financing has already been approved but does...
Shaun Topel
New Member in Waukesha WI
Hello BP community!!I am Shaun from the Waukesha Area of Wisconsin. I am completely new to real estate, and have been living in various apartments for the last couple of years with my wife. We have paid off our credit...
Jason Connors
New Member from Norfolk, VA
Been kicking around the idea of REI for probably a decade or so. Had some post-college debt-demons that strapped me for cash, and numerous other excuses that caused me to never give enough thought to the notion of Re...