Jeff Lee
Help Me Analyze! (Foreclosure Purchase)
Purchase Cost: Paid $66,250 (all cash), home inspection ($350), title (?). I'll just go with $67,000 to make it nice and even.Details: 3 bed/1.5 bath, 1312 square footObjective: Simultaneously list for rent or purchas...
David R.
Death what to do?
Hey BP,This is my first post I'm from Philadelphia P.A. There was a recent death of my neighbor. The cousin of the deceased has no interest in the property and wants to sell the property to me for $1. The problem is t...
Andres Cardenas
Buying sight unseen
Hello everyone, I have a two part question.1. If you buy a house sight unseen from a wholesaler are you then getting a full inspection or do you just go in and start fixing what you or your contractor think it need...
Steve Rooney
Paint color denial HOA
I painted my house Alabaster and it looks gorgeous. The Reviewer came out to approve and said we were denied. Not because we painted before the Reviewer came out....and not because it was Alabaster.Our denial letter s...
Ladan Ballai
Previous Owner didn't include actual lease, only Estoppel...
Title doesn't do much justice, sorry!tl;dr The previous owners were terrible landlord's and lost the lease. During the sale of the house, they "made up" a lease and Estoppel that forgot to mention that they collected ...
Nicholas Daniels
How would you do it? Retire at 26 $4,000/mo cashflow?
A couple of things to get out of the way before you read the rest of my layout. Yes: I can save 70% of my gross income. I’m a minimalist and I require very very little to survive. No: I’m not planning on having a fami...
Anthony Wilson
Repairs on a FHA home
Quick question, when buying a HUD or FHA etc. does all the work have to be done by licensed contractor?
Heston McBride
Sticky Situation. Pay realtor commission n or not?
I’d like some feedback on how the bp community feels about my situation. I looked at a home w/ realtor but know the owner very well and had discussed it previously.I plan to put in an offer on Monday for a rental prop...
Anders Jax
What is a standard waterfall structure payback(LP paid first etc)
If $1m is invested by LP and annual cash flow is $200k for 5 years and asset sells for $2m, lets say for simplicity split 8% pref and 60/40 thereafter, so LP gets $150k in theory per year on cash flows before selling ...
Ethan Brown
Finding Rent for Student Housing
Hi B.P.
I'm going into college soon, and I'm looking to do my first deal. I was looking to start out with a house hack (or just regular rental without me living there) near my college. Obviously, I'll be renting the ...