Steven Smith
Purchasing A 4 Unit Property With Negative Cash Flow. Bad Idea?
Hello Everyone. I'm in the process of closing on a 4 unit building in CA in which I will live in one of the units. I will be raising rents about 8% since the current owner hasn't raised rents in a long time. Even if I...
Mark Abbate
High Offer, Countered With “Highest and Best”
Hello All,I have been in the market for about 2 months looking at places, putting offers in an constantly getting outbid. I am a very patient person so this doesn’t bother me in the slightest. I recently found a place...
Account Closed
Which tenants would you choose- pets, kids or single young men?
Hello, I am a relatively new landlord and would appreciate the input of more experienced landlords. I just finished renovating a very nice 1950s house in Charleston, SC and am interviewing tenants. I love the house a...
Zach Hoereth
The BRRRR method is foolproof! Right?
I wrapped up the week having a conversation with an out of state investor interested in purchasing a few properties that would fit the BRRRR criteria. I have found myself having the same conversation time and time aga...
Rich Schroeder
Pipe bomb explodes at oil executives house
http://rawstory.com/rs/2010/0711/package-bomb-houston-oil-company-executives-home/
I've seen this article on several "mainstream" news outlets. Most fail to mention that the house is owned by an oil industry execut...
Garet Gavito
OOS Investing in Which Markets?
Hello there! I'm
based in San Jose, CA (and may be moving to NYC in the next ~1.5 yrs) and have been trying to decide which market to invest in
out of state. I make a decent six-figure income here but couldn't fat...
John D.
Irrationality of HML rates -- one size fits most?
By way of background, I've bought 8 SFRs in the last 18 months, 4 with conventional loans and the other 4 in cash. These properties are worth approx. $2.5mil, and I owe less then $700k on the mortgages, so net...
Michael Gee
Turnkey at full value
Hello all,
I have a question about purchasing multifamily turnkey properties. Is there a formula for this or would you want to purchase at full value and look to gain your investment back in cash flow? I kn...
Tracey B.
Operating expenses for 80 door multi-family
I'm doing some due diligence on a multi-family, and the proforma expenses are running at 71%. :wowie: I'm pretty sure the expenses are overstated, and I have my own ideas about where they're too high, but I'd appreci...
Brian Slater
Exchange from Personal Ownership to Multiple Owners/Partnership
Hi all,I am going through the research now on doing a 1031 exchange from a single family home where I have seen decent appreciation (and also was my first SFR, so I put more into it than I should have!). I will have ...