J. Martin
Using range of expenses in your profit / ROE estimates?
I know many members on BP use the 50% rule as a screening technique.. I was curious if anyone uses a range of estimates for expenses to estimate potential profit, rather than strictly 50% - either while they are ...
John Oh
Quitting Job to Pursue Real Estate: Documenting my Journey
Hello all, my name is John. I am 24 years old, and I have decided to quit my job (which is managing flips for a fairly big flipper in the area) and pursue real estate full-time in Philadelphia and PA (Montgomery and B...
Mark Werner
Potential Tenant Refusing Application Process
I have a potential renter who is refusing to go through the application process. Meaning, not providing his social security number to use a service for credit check and background check. He intendeds to rent through t...
Gadiel Del Orbe
Warnings of Recession
I'm currently renting in Los Angeles and the rents are super high. I
want to buy a property, but I am a little afraid especially after the treasury department said we are looking at early signs of a recession. I
w...
Isi Nau
Appreciation = Speculation
This seems to be a widely held mantra here. If you buy in a high appreciation market, you're not investing, you are speculating. That's not something I have ever heard here in Hawaii. Probably because it's not true...
Mark Updegraff
Share your WORST tenant requests?
Relative newbie to Landlording 101 (just over 2 years)
What is the WORST (stupid, funny, challenged etc) request a tenant has made to you? It can be written or verbal
I'll go first, I expect you more experienced la...
Zoe Lee
staggering late fee of rent charged by PM
We recently acquired a property with tenants who have been perpetually late paying rent. It didn't dawn on us that our PM has been charging hefty late fees until recently when they sent a statement with the late fee u...
Jermaine HILL
DRAFTING WHOLESAILING CONTRACT!!!??
I am getting started with realestate wholesailing in the Richmond, Va area. I have contacted many Realestate Attorney's in my area who have either:
A. Have no idea what I am talking about
B. Says what I am getting...
Shiloh Lundahl
Sell me on the benefits of Turnkey Properties
I have never purchased a turnkey property before so I am not familiar with the process. So correct me where I am wrong.
A turnkey operator finds or builds a property. Then after the rehab or building is done, they pu...
Account Closed
Ramsey vs Kiyosaki - To borrow, or not to borrow?
I am a big Dave Ramsey fan, and I have been for years. I am debt free, except for my house and intent to stay that way. Well, at least I intended to stay that way. I recently read Rich Dad, Poor Dad. Robert Kiyosaki's...