Mil Sanghvi
**JUST BOUGHT A 10 UNIT APARTMENT BUILDING NOW WHAT???
Hi BP,I JUST BOUGHT A 10 UNIT APARTMENT BUILDING!! NOW WHAT DO I DO TO TRANSITION??I am closing on my biggest property yet (10 units) on October 15th. I am uncertain as to the exact steps to follow when you transition...
Matt Mertz
New Host - Sharing Our Story
Hello, this is long so sorry in advance. :)I've been following this forum for over a year. Now that I'm a host I wanted to give back and contribute to the forum with our experience.
Our journey in the STR space be...
Bill Horton
Coronavirus - Commercial Real Estate
CORONAVIRUS IS AFFECTING COMMERCIAL REAL ESTATE
We have an office/retail building and our retail clients are having a difficult time with the shutdowns related to the coronavirus. Two businesses have closed their do...
Austin S.
Note got pulled for random audit!
My father purchased a note about a year ago. We just got notice from our servicer that we are out of compliance. I will try and explain the situation.1) It was a land contract that was originated in 20112) There is la...
Jorden House-Hay
First Flip Fail (featuring chickens)
Lead Source: Wholesale
Strategy: Flip
Purchase Price: $103,000.00
Rehab Budget: $55,529.00
Resale price: $148,000.00
Overall Return
854 Lockbourne was our first flip and a case study for what NOT to do whe...
Joshua Williams
New-B, looking to scale
1st Post (a bit of an introvert on all things Social media) - bare with me. Thanks to BP for all their work, resources and continued encouragement. I have never been more motivated to become financially independent th...
Lucas Mills
What do you think about this deal for my first rental?
I came across this listing on Zillow. It's currently pending, but I'm doing a hypothetical analysis just to see if it would be a good deal, or not. Who knows; I might put in an offer if it becomes available.Here is th...
Daniel Gupta
Property Damaged-Is my Property Manager Liabile???
Hey guys, here's my situation- Would love some input & advice.I have an apartment house, and one of the tenants had some sort of bathroom party and burst a pipe in the bathroom. It ended up causing flood damage to...
Sriram Kumar Bikkina
What is Considered Positive Cash Flow?
Hello all, I have a basic investing question: What is considered a positive cashflow when we borrow 100% of the money to invest in a property?In general and simple terms, it will be the money I gain over the money I s...
Lala Weiss
Tenants vanish 1 mth before lease end, owing thsands, what to do?
Hi BP community. I own a single family and as my first house a.k.a 'mistake house' I'm sure experiencing a steep learning curve. I house hacked, then land-lorded and am now out of state so I'm officially a long distan...