Morgan Burns
What would this be called.....
When someone identifies a house that is either foreclosed on or in threat of being foreclosed on, buys that house, then turns right around and sells the home to a flipper for a small, but quick profit, say $5000?
If...
Chris L.
May sell rental property
HI there,I have a rental property in NJ that I may be selling. Is there a specific document that you all use to inform the tenant that they will need to move out within a month? The tenants lease says that I have to ...
Tommy Johnson
Is inventory too low to exchange
Hi, so I have a rental home in Sacramento Ca the Tahoe Park area. I am in the process of refinancing my loan and taking some money out to fix the property up and sell. I currently owe $125k on it and it was just app...
Neel P.
Do I need an agent for an off-market deal that came to me direct?
Hey everyone,I was introduced to a friend of a friend who is selling a small multi-family unit. She is listing it on the MLS and therefore has an agent, but sent me the deal directly in case I want to purchase it.I su...
Brenna Crowe
100k profit on 1st flip- now what?
I’m about to finish up my first flip! I’m so excited! I’ve always said “ if I just had 100k I’d turn it into 100 million...Welll.. now what haha.We are going to profit about 200k (hopefully more) off this flip. My cut...
Edgar Garnys
Exit Strategy for Multi-Family
Hello BP Community!
I am reviewing the performance for one of my multi-family investments and noticed that the yearly taxes are going up over 50% as the assessed value has gone up (most likely due to overall market a...
Mike Bator
Why aren't real estate investors proactive?
I'm genuinely curious – why aren't real estate investors proactive? For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:1) rank the highest2) occupancy 95%+3...
David Lee
Sell or Not multi-family
Hello. We are thinking about selling 4 family house in NJ (owned since 2009 and have about 500k equity in it at the current market price). My husband and I both have full-time jobs and been managing this property on t...
Jonathan Robinson
Marketing and finding sellers! Sub2
After so many of you have helped me clarify my motives and define exactly what I should do to safely invest under sub2, I am curious about one more thing before I get started. How in the world do I find sellers? W...
Rachel Zelaya
Where to Spend My Budget?
Hi BP,
I am ramping up my marketing and plan to spend about $5k a month to get motivated seller leads.
I’m thinking of a mix between direct mail and online, but curious to see what recommendations/ideas the BP commu...