Ricardo R.
Master Lease Option Apartment Building Purchase
Hi everyone, I am looking to purchase an apartment building and after much searching I have come across one in which the owner is willing to do a Master Lease Option on. Here are the terms: Purchase price: $335,000Dow...
Adam Batcheller
Tenant wants to install ceiling fans
My tenant wants to put ceiling fans in the unit he is renting from me. He said, he would buy the fans and his brother, who is an electrician, would do the wiring and install the fans for free. There is no ceiling lig...
Arron Paulino
How do Subject To Offers work for the seller? Won't the loan be called due?
Does someone mind explaining subject to offers? I ask as I have received offers from buyers that want to do an assumption of the current mortgage via trust acquisition and provide a down payment due to the seller. The...
Cooper Sewell
Charlotte Investing and How to get in to the Market?
So I get out the army in 15 months and am trying to get a investment property in the Charlotte area. Right now I was thinking about a multi-family property. But the market in Charlotte right now is expensive and doesn...
John Carbone
Gas prices and economy
Gas prices are really starting to accelerate with the national average at $3.40, which is historically very high. Oil is only just over $80 a barrel, and I believe $150 a barrel was the ATH several years ago. GDP only...
Craig Osterloh
50% Rule and $100 Cash Flow
I guess my question is how accurate do you find the 50% expense rule?
If you gross rents are $2500, a margin of error of 10% on your expenses would result in a $125 difference in cash flow. This might result accepti...
Tom Anderson
Startup Rhove is offering renters a vested interest in their Apts
I recently read this article by Fast Company on a new real estate startup called Rhove out of Columbus, Ohio. The quick summary is they're offering renters in their buildings a small piece of equity on the property th...
Allen Scoging
How much negative cashflow is tolerable?
The obvious answer is zero - it's a suicidal strategy! But, here's the full story:I live in SoCal and currently rent but have a down payment saved and ready to buy. Unfortunately, property prices are currently detache...
Jesse Munos
"Please Sir, May I have some more" Opinions?
I'm working on building my business plan. By which I mean I've been mulling it over for a few weeks now and I've decided it would be wise to seek the council of those more experienced than myself. Enter the BP forums ...
Desta Sillerud
Self directed IRA and solo 401k recommendations
Hi! Does anyone have recommendations of who in the area can help with self directed IRA and solo 401k's. Looking to possibly transfer from my traditional 401k after leaving my W2 job. I've spoke with my accountant and...