Nathan McQueen
1031 Questions - Raleigh, NC
Hi BPers,I have an investment property in Raleigh, NC (that used to be my primary residence). It turned into an investment property when my job took me out of state, it was not initially purchased as an investment pro...
Troy Ritter
Increased STR profits by adding a bathroom?
I have a 3100 sq ft, 4-BR, 2.5 BA STR in Anchorage, AK. The home isn’t renting as well as I’d like and I’m looking to make it more competitive. The max capacity is 12 and my average party size over the last 5 years is...
Cristian Aviles-Morales
[Calc Review] Help me analyze this deal
Hi BP,I have found a Condo that I am analyzing. But maybe I'm using the calculator wrong? The listing price they want for it is $180,000. If they're willing and accept my offer of $150,000, I'll have a cash flowing pr...
Michael S.
HELP! Trying to make an offer on a REO Property
Hi BP,I just looked at a REO property with a realtor. He said there was 5 offers on the propertyQ1: Can/Do realtors actually lie (or exaggerate) about the offers they have? This property has been listed for 45 days (e...
Luke Weber
Formulas don't work, every deal is different
When I am dealing with wholesalers or Realtors they almost always ask for my formula. I tell them, there is no formula, if you think it is a deal, send it to me and I'll run MY numbers on it and let you know.
If it ...
Jacqueline Coombs
Help! Grand Rapids MI dual use property options?
Hi, all. I need some help deciding what I can do with a deal brought to me by a friend. Property is a two story with a one story side-addition, 3200 sq ft, century-old storefront-type building with 2 1-bed apartments ...
Sky Lin
Down payment for condo
Hi, BP. I am in Phoenix AZ.I am trying to buy a condo in Phoenix area for short term rental. Property price is $125,000. How much do I need to put down? My credit score is 740 and upMy lender told me it is easy to qua...
Edward A.
Real Estate Investing Risks
Caught up on some reading this weekend and I checked out the book the Millionaire Real Estate Investor - written in 2005. A great book and very inspiring to read. What I am curious about and it raised an interesting...
Jonathan Marsh
Should I pull out of this deal and lose escrow money?
About 6 months or so ago found a new development being built in Buda. Decided to lock in one of these homes with 20% to use as an investment property. I wouldn’t have been cash flowing and would likely be losing $200/...
Adam Sieg
Converting primary residence to rental
I'm curious if anyone has any thoughts on this. I believe I once heard in an interview that Grant Cardone doesn't own his primary residence, he actually rents it from his business entity. Is this actually a thing? ...