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Hi,I'm a brand new investor, currently living in northern Virginia, looking to purchase my first rental property within 2016. I've done a lot of reading/research, listened to BP podcasts, and read through the forums a...
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Hey BP, I'm back again! So I thank you guys for answering all my questions.As I approach my first flip I was wondering if there is anything that I should look for that will help me move on to my next flip as soon as I...
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“You’re wrong.” These words will put you at odds with anyone. Try it. It’s a tad unethical but I’m experimenting. Again and again I am amazed at people’s deflation. Their shoulders sag, their tone sharpens, and their ...
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Hi,I recently passed my Washington state brokers exam and I am looking for a brokerage to hang my license in the Seattle area. As I don't expect much guidance or mentorship, I am a looking for a firm that has low mont...
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Wilmington, CA (Southbay area)Duplex (total 3br/2ba and no shared walls) for $360,0002/1 + garage for back unit (650sqft)1/1 with full front yard (550sqft)Repairs none, this place is completely updated (granite, lamin...
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Dear lenders, I put too much down payment on my multi unit as a buy-and-hold. I am receiving cash flow from this and needless to count on depreciation I am totally capable of cash out refi. However, according to my le...
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Im asking this one for a friend. One of my marine corps buddies recently bought a duplex using a VA Loan. The property is great and producing him great cashflow but he just got a promotion with our company and needs t...
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Hello all! I just joined BP! I've been watching the podcasts for awhile but decided it's time to join. My name is David McCauley. Im from and live in Tappahannock VA, about an hour east of Richmond. I bought my first ...
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Firstly: Can one typically get traditional bank loans that include the expected costs to fix the property? What financing routes are best if the investor doesn't have the rehab cash on hand? If one is able to obtain a...
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Hello everyone,In one of the BP podcast, Brandon Turner said that the 2% rule works for him in general. According to him, for example, if the property is listed for $100k, then the expected rent should be at least 2k ...