Amine E.
5 yrs to reach my cash flow goal
Hello fellow BP members,I wanted to recap my last 5 years as an investor hopefully to inspire someone to jump into the field.I started out in August of 2012 with a SFR that I still own today. I had about 10K in saving...
Jay Lo
Why having a good relationship with ur local bank doesn't matter
I mean in the sense of helping you you get approved for a loan. We sometimes hear real estate gurus say "have a good relationship with your bank, make sure they know who you are, what you do and they know you by name ...
Erick Garske
LLC Cash Out Refinance in Maryland
I have some property in Baltimore City held under my LLC. I would like to do a cash out refinance, but when the properties were purchased, the title was recorded under the name of the LLC. This had been done for liabi...
Larry Turowski
What rules for investors have you broken (and maybe routinely break) and how has it worked out for you?
I have broken so many rules, some out of ignorance, many not.For instance, I have paid contractors an up-front payment before work is done. And I've been taken. But I also have a very reliable contractor that requir...
Erick T.
Should I sell or hold? Advice needed
Hello,I own 2 SFH that were purchased less than a year ago. Both were BRRRR investments.I currently have a $95K debt in my Heloc and it costs me $500 a month in interest. MY GOAL: PAY THAT BAD DEBT OFF BY THE END OF T...
Joseph Weisenbloom
Is this a good expansion plan?
For 2014 I have already acquired one property a duplex that I live in. I told myself that I would get one more before the end of the year. I have been making offers that last few weeks on SFHs in my neighborhood. So t...
Takahito Torimoto
Breaking even & don't want to sell; options to improve cash flow?
I currently have a rental property that is, on average, giving me zero cash flow (up until my recent rent increase, I was paying about $100-200 out of pocket per month).Before I get beat up on that... I got divorced 4...
Cameron Wells
Financing Advice on New STR Construction Build
My father has roughly 14 acres of land about 15 min west of Asheville. He has given me permission to build an investment property on this land which I feel very fortunate for this potential opportunity. I am leaning t...
Ivan Mares
New Investor... ACQUISITION ANXIETY
Hi everyone I'm needing some advice! I'm closing on my first rental property on 8/30/2017. It wasn't the best deal by any means but it cash flows about $150 a month after mortgage, taxes, insurance, management (althou...
Derek Harville
Too many people staying in my house not on the lease
I'm looking for some solid advice. I rent a small 650 sqft single family home to a long term renter of like 10 years or so. It's a two bedroom one bath. The floors were recently replaced with new LVP last year, new s...