Bill E.
Help me understand brrrr strategy
Looking at picking up a duplex for 15k, needs 30k rehab. Arv is 70k. If I go to my local bank to get a mortgage on the property and they appraise it for 70k, how much would they write me a check for?
Steve Franco
Wholesaling message needs revision
Hey all,So I've done my first two waves of wholesaling letters recently, and I think a lot of things need revision, so I need your help.Out of 1,200 letters I have received maybe 10 phone calls, which is absolutely HO...
Kyle Steiner
Deductions from Security Deposit
I have a tenant who moved out and left the place in decent shape. However, there were some scuffs on the walls, the kitchen counters had some dried food on it and the floors were dirty. The bathroom required some cl...
Jerryll Noorden
YAY, I bought my first "buy and hold"!
So I bought my first buy and hold for 5K. Repairs needed.. if I do it cleverly, about 10K.the rent there is 900- 1200 per month.But of course there is also a bad.It is in a not-so-good area and the house needs work. B...
Craig Herring
New investor from Brighton, Michigan
Hello everyone at BP!My name is Craig Herring and I live in Pinckney, MI which is just south of Brighton, MI. My day job is an engineer at a major automotive OEM.I've always wanted to get in to RE investing but put it...
Gray Cato
New to Investing! (located in the Birmingham area)
Hey guys,Just wanted to come on here and introduce myself. My name is Gray and I have lived in the Birmingham area my whole life. I have been wanting to get into real estate investing for a while but i didnt want to p...
Frank Calderone
Look for financing a mobile home park with 20-25% down
Hello, I am looking to finance a mobile home park in Illinois. I have 20-25% to put down. Purchase price is $295,000. Cap rate is ~12%. Can provide more numbers and financial background on myself. I have great cr...
Martinis Jackson
Baltimore Rehab: Deal Closed!
BP FriendsWe have closed on our first investment property in Baltimore and can't wait to get started. 2 bedroom 2 bath ((we are adding a bathroom) 1200sqft. 30k cash purchase with a combo of line of credit and private...
Miranda M.
Buying a house in 2017 - Taxes
ADVISE: I made $120,000 in 2017 and was planning to buy a house to decrease taxes. My CPA told me if I buy a home now, I'll only get a tax break for Nov and Dec. Is that the case? If so, I have $100,000 in cash I can ...
Shirley McLean
Looking for HELOC in Texas
I will need to get a HELOC very soon to do renovations on a house that has 100% equity (paid in full). How do I find a good lender with the best rates? The property is in Northeast Texas and I am self employed so taxe...