James Jackson
Would Love To Find A Pro
Hey everyone!
I have been wanting to get moving on real estate investing but never pulled the lever. I am now ready!! I had a bad experience with a rental property in the past (family and they absolutely destroyed ...
Mike York
Detroit Michigan Suburbs
Hello all,I am working with a few wholesalers in the Detroit area and I need some help. Can anyone give me some ideas of which areas are really bad and to stay away from? I am not familiar with Detroit so any help i...
Spencer Cornelia
How do you calculate capex and repairs?
I've begun running numbers on properties and would like someone who has experience to lend a helping hand. For properties that are basically turnkey, already renovated, and appear to need very little work, I've been ...
Keith Jablonowski
What is your criteria for classifying a deal?
I see a lot of advice about how it's not important to hit a home run with every deal. String after string of single and double deals with score lots of runs and success over time.
In terms of cap rate and COC return...
Sharon Supera
To keep or to sell
Hello everyone,
I’m seeking your advice on whether I should continue holding or sell a property I purchased last May 2023 in Windsor, Ontario, a city next to Detroit, Michigan. I acquired the house for $350,000 with ...
Carolyn Guertin
Investing in Detroit
I've been investing in Michigan for a few years, but haven't ventured into Detroit until now. I've got some leads on nice houses, but I don't know the neighborhoods. I understand Detroit has a checkered history with b...
Tyler Dunlap
PM sending repairs off to his own company for enormous markups!
Hi all, I am furious. After some investigative work, I confirmed my suspicions. My property manager has been severely overcharging me for repairs for months. Like ridiculous markups. As it turns out, this guy OWNS...
Scott Trench
Are you Pro or Against 401(k)?
A recent article that I wrote on the BP blog received some criticism because I suggest that a 401(k) is one of the best ways to increase your net worth.This strategy was criticized by a couple of readers and I thought...
Michael Baradell
What's your cash flow goal?
Hey BP!After all expenses are subtracted, what's it the minimum cash flow you shoot for on a single family home?
Marc Winter
Purchasing an existing LLC--can elephants fly?
We are considering buying out an existing LLC (it's a management company, and would add some volume to our own successful property management company). Everything looks good financially, however I've not sure what I s...