Iris Burrows
Am I scaring sellers away by low balling???
Hey BP Community!I've been working diligently to make a deal these days. I've sent out as many letters as my marketing budget can handle, and I've actually gotten a great response rate. Many of those who have called, ...
Juan Turner
First Commercial Property (8 Unit Multi-Family). Good investment?
Hello BP!I'm interested in your comments regarding the price for this property considering the current rents. The property is located in Montgomery, AL. The contract price is $274,500. The asking price was $280,000. I...
Peter Chester
How do quantify intangibles in a deal?
Hi folks! @Shane Pearlmanand I are working on structuring a partnership for a commercial investment (We aren't sure yet if we'll invest in California, Minnesota, or Washington).I have a short sale on my record so I li...
Brian Campbell
does it really make sense for me to invest now?
I have been looking at homes that are at just 25 percent of their 2004-2006 sale prices and are now 100k and under. I only have 20k in ready cash and am looking at 20 percent down.
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Eric La Pratt
AirBnB Short Term vs. Long Term in Chicago
I have a multi-unit in a class A neighborhood in Chicago (Lincoln Square - 60625) that I am wrapping up a large rehab on right now. The property is on a remarkable block and the units really are fantastic - we've take...
Timothy A.
70% Rule in This Market?
Hi everyone,
I have a question about what people think of the 70% rule in this market. I'm in Southern California and experiencing the same low inventory problems as many regions. Houses are getting picked off the ML...
Dustin Beam
Banker made a mistake, not liking the results
So I discussed getting a loan on a commercial property (8 units) and he gave me a "soft" approval with values as 30yr fixed and around 4% interest. I spoke w/ him again today and he said it would not be that. I guess ...
Wayne Lee
Looking for advice: seeking B-class SFH for buy and hold
First time Cincinnati investor giving it a shot from out-of-state, currently in early stages and looking for advice.Current parameters are: seeking B-class 3bd/1.5ba SFH for buy and hold (possibly BRRRR), $150-250k. H...
John Lamb
Tenants pet died - reduce the rent?
One of my tenants signed a year lease and she agreed to pay a little more in rent since she had a cat. A few months into the lease, she notified me that her cat died. Am I obligated to lower the rent since she no long...
Carl Reza
No clue what to do first!
Hello,My name is Carl from Eastvale, California.I'm highly interested in purchasing my first rental property, but have no idea where to start. I have some money saved up and am convinced that my only option is out-of-...