Hey All,Looking to make my first offer today and I'd like to run the following deal by you all: Historic 4-plex (2 buildings). One 2bd/1ba ($725/mo), Two, 1bd/1ba ($630/mo), One, 1bd/1ba ($590/mo). List Price $255k. T...
We have a rental home managed by a local management company in Houston. We just found out that current tenant is not someone that they had sent me for approval and they have not deposited rents that they are collectin...
So here is an issue that I have been struggling with over the last 6 months.I work full time at a busy stressful job. I enjoy it, but it does not leave me a lot of time for my suppressed passion of real estate. I have...
Hey BP,I am trying to completely understand how the lease option works. Hypothetical situation :Seller owes 50k on a house, ARV is 110k. I come in an offer a lease option and they accept. Terms of the deal are 5 ye...
Hi everyone!My name is Bryce and I am brand new to BiggerPockets!I feel stuck and am looking for advice and strategy on my next investment, please help! Here is my situation...I am 28 years old and about 6 years ago I...
About 2 months ago I have purchased my first rental property. It was a foreclosure, in pretty bad shape; needed a lot of work. It's a 800 sq ft ranch, no basement, 2 bedroom, 1 bath, 2 car garage. I paid $15K and with...
When negotiating purchase price, which scenario for NOI do you use? Trailing 12 months actual? If so, do you adjust for the assumed run-rate for repairs/CAPEX (e.g. a as a certain % of revenue) instead of using actual...
Life is too short to be small! We are focusing on building our TEAM, finding our DEAL and raising the MONEY. Our outlook is if we find the right deal, then the money will follow and will be looking to be General Partn...
My husband and I want to start flipping houses. Do we need to form an LLC and operate as a business or can we just buy/fix/sell under our own names?
Hello BP community. My name is David Hayes, my day job is currently Mechanical Engineer/Project Manager for Procter & Gamble and I'm moonlighting as a real estate investor (and photographer...but that's anothe...