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Hi all! My husband and I are part- time real estate investors. We currently own/manage 3 properties, so I would consider us to still be pretty new to the process. Recently, we have encountered some issues with vand...
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Dear BPs,Around Oct. last year, I got interested in this real estate market in the US. Although I had some experience of dealing with apartment sales in Seoul, Korea, the US market (maybe Michigan market) is totally n...
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I saw a craigslist ad for a 3 unit for 120K. I only have enough for about 10% down right now so I asked the seller if they would consider seller finance for three years. Here were his terms:10 yr amortization @ 10%, ...
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Hi, I have several rentals that I've acquired over 2-3 years (many thanks to advice from BP). The past 2 months have been a maintenance nightmare, with most of my properties having repair issues, some major, and tanki...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $65,000
Cash invested: $29,970
Contributors:
Randy Charboneau
1 of 3 properties purchased out o...
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I recently got approved for a remote job, & would like to get a multi-family property in Mt Pleasant MI. My question is; what would be the average vacancy / default, and repair percentages, that I could use a...
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I bought my first house hack duplex about two years ago. It came with an old washer and dryer on my tenants side (which is a 3/1). My tenants just let me know the washer is broken and probably broken for good. I will ...
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Hello, Back in August we had some roof damage to one of our rental in Dallas region. We got an estimate from a roof repair company and the estimate came to 12K.We got the insurance involved and while they agreed ...
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I understand the 70% rule and I know of (have yet to practice) the fixed cost method for calculating MOA. However, I’m curious as to which one is best for wholesaling in general. Or is it situational? And for the fixe...
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Hi BP,I've heard of people challenging their appraisals on the BP podcast so I am assuming that is a semi common thing. My situation is that I am a realtor helping my girlfriend buy her first property/investment. The ...