Jean Gousse
What would you guys do? (Investing in NY)
Trying to get my 1st property in Queens NY. I’m trying to figure out if the property would produce cash flow. Using the 2% rule, I got 0.69%The 50% rule, I got negative cash flow ROI, I got 4.06% I know those numbers ...
Chris Conde
Be Creative! Low Short Term Credit Balance
Hi all,So I used short term business credit (Business Credit Card) to purchase a Townhouse. The asset is in good condition and cash flowing nicely. The issue I have is that my intro rates on my card are expiring and I...
Austin Fox
Raising Rent - Best Method
Hello BP,Im reaching out for advice as I am unsure of how to raise rent with my tenant. It's a month to month verbal agreement with a good friend of mine. He pays every month and we've had no issues for the past 7-8 m...
Patrick M.
First Unit Posted for Rent! When Should I Start To Get Calls?
Eager newbie here. Just finished renovating my first rental unit and posted it on the market. I'm up on Craigslist, Zillow Rental Manager, and Cozy for free, and bought an annual subscription to our HomeTownRent.com w...
Dave Morrow
Find Fix and Flip for an Investor who puts up the Money
Hey Pros....Dave Morrow here. I would like to hear your imput on something. I have an investor that wants to make money investing in Real Estate and has the money but not the time. So I made him this deal. I find ...
Chris Kohlmeir
Defining the line between "Analysis Paralysis" and "Beginner Edu"
Hello Everyone,Bottom line up front: What advice do you have in regards to determining when you "know enough" to get started?I like to think that I am a pretty thorough person by nature. I have always been a curious p...
Andrew Michaud
How soon can I refinance? And at what rates/terms?
Hello, I am closing on my very first deal two weeks from now. I am already looking ahead into purchasing the next property. I have several questions about refinancing.I am buying a triplex for 60k. All good tenants, a...
Daniel Gupta
Insuring your property- Using Actual Cash value vs Assessed
Hey guys! Curious what you think on this one.. I have recently obtained a couple houses at a $180k for both purchase price($90k each.) Insuring both of these properties at their assessed value (375k, 285k aprox) would...
Rob Haines
Negatives of the BRRRR
List the potential downsides; what's potentially harder than it seems, unexpected, costly or problematic.
Account Closed
Seed Capital vs. Reserves
What do you believe is an appropriate percentage of Seed Capital vs. reserves that you should have. For example, if you are buying a $100k house and have to put 20% down how much should you have on reserve (20% or more)?