Brian Burke
It’s 2019–Whatcha gonna do about it?
Last year I posted a thread “It’s 2018–Whatcha Gonna Do About It?” and it got a lot of great response. So why not do it again? Every year around this time I see threads on BP asking about your goals for the coming n...
Eddie Garcia
Wholesaler perception as unethical?
My first post I believe to BP although I’ve read numerous posts within multiple forums.
I get a feeling from the community here - specifically buyers - that the wholesaler is unethical 99.9% of the time and not to be...
Eric Crump
Deal Machine App Beneficial
Hi everyone, as a wholesaler I've been driving for dollars and now have a list of abandoned/vacant house I want to mail the owner's about. I work out of state so I'm only home on the weekends, also I don't have a larg...
Ben Leybovich
What is Bad Debt?
There's been a lot of discussion on the forums as it relates to differentiating bad debt from good. The most common view on BP is that any debt which does not produce investment returns is bad debt.I, for the most pa...
Jenessa NeSmith
Starting an Airbnb and STR management company
So I have been an Airbnb host for about a year and a half with my primary residence (in-law suite in the basement as well as private rooms) and just got our second property up on the Airbnb market. My wife and I do a...
Cal C.
Ramsey or Kiyosaki doesn't matter! Getting rid of "bad" debt is important!
I strongly believe whether or not you use debt or don't use debt to buy real estate, it is important to pay off debt that is not related to your RE investments. All of that interest your paying is money that could b...
Letitia Glenn
Tenant wants to paint house exterior in lieu of Security Deposit
Potential new tenant offered to paint house exterior instead of paying security deposit. Is this a good idea? Or should I require him to pay the deposit and maybe give a discount on monthly rent equal to amount of wor...
Wesley W.
Seeking feedback from property managers and investors with PMs
Hello All,I'm reaching out to those of you that have property managers maintaining your rental portfolio for you and those PMs that service those investors. For several years, I have self-managed my growing portfolio...
Ryan S.
Why are LLC's so complicated can someone tell me what I need?
I just finished my first rehab house, and I am about to put it on the market in oak forest IL. I will be doing many more flips and want to know if I need an LLC or an C corp? Dont really know where to start on this ...
David de Luna
4-plex deal - razor thin or good enuf?
I have an opportunity on a 4-plex. Actual current NOI (once the current vacant apt is rented) is 46,117. Debt service looks like it will be about $43,800. CAP rate is 6.6%. DSCR is 1.05. Seems pretty razor thin, but a...