Scott Goulet
When do your rentals typically start making money/making sense?
Hi everyone! I'd like to say in a fairly experienced investor, still a newbie at heart though. I have 8 doors over 3 properties. 1 specific property, I purchased in 2019 and in 2019 I took a net $9k loss, and in 2020 ...
Gerrit Stukkie
Lease Option vs Buy Hold Analysis
I have a newbie question.What differences are there in analyzing a lease option property versus combining buy and hold analysis with a flip analysis?I want to have LO as an exit strategy along with Flip and Hold.I kno...
Jim Peckey
Requesting help with screening our first tenant!
Hi BP,
As
rookie landlords, we've recently listed our first unit for rent @ $850 per month - an upper 1bed/1bath apt in a duplex that we owner occupy & currently live in the lower unit. We're hoping to get so...
Jonathan C.
70,000 Mail Pieces in 2014; What Did I Get For It?
Here are my results after about $67K worth of direct mail cost in 2014. It would be awesome is we could have everyone who has sent more than, say, 5,000 mail pieces, to post their REAL WORLD results as well. Collect...
Harold Wimberly
Question about Private Money Loans for Real Estate
I have been reading about attracting private money investors for real estate. I wanted to know if anyone has had success attracting private money. Also, I'm thinking of running an ad for private money and I wanted to ...
Nick Brubaker
Should I get a mortgage on the rental I own outright?
Dear wise real estate investors,I am small time. Just own one rental property (outright), which is worth about $160k. I am wondering if I should take out a mortgage on it. Here are my considerations:I will be leavi...
Account Closed
Pre-Foreclosure and owner being told to stay away.
I looked at a house today that is coming up for sheriff sale. The neighbors came out and started talking to me about the house. They had been told by someone hired by the bank to mow the lawn to tell the buyer he i...
Mike Clancy
Direct Mail Marketing Advice
Hello!My wife and I are just about to send out our first DM campaign. We are going to rehab SFR's outside of the Seattle area and need your feedback.Our budget for DM for right now is $2,000/month and our goal is to ...
Jason Grote
When Selling a Flip, What Level of Realtor Service?
I am curious what other flippers on BP think about hiring a real estate agent to market their flips. Do you hire a flat fee listing agent? Do you hire a full service agent? If so, do you only pay a discounted commis...
Brandon Weisser
Buy and Hold in Cleveland
I am making a potential move to Cleveland Ohio. I am looking to purchase an investment property and there are so many areas to choose. I have really been looking at 3 areas and all will work for my location to work si...