Jin Zhang
How do you calculate Cashflow and out-of-pocket
I've seen several posts talking about having a positive cashflow using the Rent minus All Expenses calculation. Personally I find it hard to imagine I'd be out of pocket $8,000 a year even knowing the rent is paying $...
Sabrina Hill
Wholesale Contracts
Hello BP family,
I'm new to wholesale and I have found a couple of properties that I would like to contact the owner about. They are both obviously vacant. My question is, what would a typical assignment contract inc...
Account Closed
Philadelphia Hard Money Lending Market Conditions
Looking for local investors in the greater Philadelphia area willing to provide their thoughts on local hard money lending. What are some of the criteria that you have considered in comparing lenders aside from LTV, p...
Chad McCormick
New Member from Wauconda, IL-Moving to Libertyville, IL
Hello all, I am a complete newbie to this type of community. My wife and I currently own a home in Wauconda which we intend to rent when we move to our new home in Libertyville at the end of the month. I am currently ...
Steve Sendldorfer
How to figure out how many Section 8 rentals are in this county
Hey BP!
I am looking in a new area to buy some "but an hold" low income rentals in Edgewood Maryland and I am not sure how to go about finding the areas where section 8 rents well... can someone point me in the right...
Jai Deva
Buying a multifamily in Mountain brook
Hi all, My friends and I are first-time investors looking to invest in a multifamily in Mountain Brook. It is a 400K property with 3 rental units with a collective rent of around 3200. The house needs about 15K of wor...
Ken Colville
Removing existing owners or tenants from an investment property?
I'm seriously interested in what will be my first fix and flip project. The house has tenants currently staying in the property. I'd be buying this property on Auction and was wondering what input or experiences anyon...
Jessop Adams
4-plex rented below market. Is it worth it and what to offer?
I am looking for my first deal and currently looking at a local 4-plex, all 2 bed 1 bath listed for $175,000. From my realtor contacts and market research I think the market rent is between $550 and $600 for this type...
Zachary Steidl
How Much in Reserves?
Hello! I have a question that I don’t hear many people discussing! Maybe some of you can share your two cents.When purchasing a property how much money do you make sure you have in reserves?Should you have 10k or 20k ...
Brian Widdis
New member from Monmouth County, NJ
Hello BP,
My name is Brian Widdis from Monmouth County.
I currently work for a small builder as a project manager focusing on custom homes including new construction, renovations, and additions.
With that said I am...