I'm a new landlord, haven't even collected first rent from tenants yet on a 3 unit in a city of about 100k population. Neighborhood is rough in an ethnically diverse section, but property price and rents seemed good. ...
Purchasing a 6 unit property in Maine (cold, snow), 3 separate buildings, that has separate oil furnaces for each unit. All of the furnaces are 20+ years old and the tanks are corroding. There is no natural gas in t...
Seriously, everyone around here invests like rents are guaranteed to go up forever, do they?Has anyone ever experienced a declining rent environment? what caused it?
Hello BP peeps,
This is frustrating and I'm ready to give up, but I'm not willing to. I've worked too hard getting set up. I have all the funding I need to work on multiple flips at the same time and I even have a cr...
I met a guy online that seems very ethical, so I reached out to him.I scheduled a skype meeting with him even though he's local to work around our schedules. After a generally good conversation, he offered to work wi...
It seems like this crises might be over soon, but that doesn't mean anything will return to normal. In fact there are major changes ahead and the chances of a massive Depression are extremely high. In this post I will...
Hello, I'm looking to get some expert opinion/advice for a situation I'm considering on my first BRRRR deal.
Background: I have a duplex in a gentrifying Columbus, OH neighborhood. Doing the BRRRR model and nearing t...
Hello everybody,
Yesterday I found a property on craigslist Cleveland, a 8 unit (6 apt. and 2 store front) for only $95k. Building is rented out (month to month) and I can buy this house with my o...
For those who have investments in self-storage or other real estate categories touted as "recession proof," how are your investments performing right now?One of the things that attracted my husband and I to invest in ...
Hey 👋 guys, I'm currently under contract on a 6-unit apartment building in the East Valley of the Phoenix MSA and the seller's are willing to carry the debt with 18% down at 6% interest only for 12 months. This is a ...