Sohrab Ansari
Self Storage- Am I overpaying?
Please help me evaluate this Self Storage facility. This is my first one. I submitted an offer now having some doubts. Self Storage Facility 343 units. NO office. It is being managed remotely or part time by the owner...
Todd Shampoe
Creative investment concepts wants 10k
I just spoke with someone from Creative Investment Concepts they said they would guarantee 75K in profits for giving them 10K to start and they would assign a mentor to me. They suggest that all new investors star...
Marc C.
Syndicators: Why can't we make distribution calculations simpler?
Many syndicators/sponsors are offering a "waterfall" payout arrangement to their investors, whereby the investor first gets a "preferred return "of 8%, and then 75% of any cash flow left over after the preferred retur...
Jill F.
When are you overleveraged?
I'm just curious as to how other people define 'overleveraged'? How much leverage is too much? I would be afraid to have a balloon loan or a one year arm. I would be afraid to use hard money. But I do have a 20 year a...
James Honeycutt
Sold my first rental property, huge profit, next step?
5 years ago I purchased my first home using the VA loan (no money down). Lived there for a year, then rented it out for 5 years. The market in Colorado Springs, CO skyrocketed so I sold it. I now have, after taxes,...
Jerry Jones
Purchasing my first rental property - Should I create an entity?
I am about to take the plunge and become a landlord. I just wanted to run some numbers by and see if it sounds like a good deal and if I should create a corporation first for myself or some other legal entity and ...
Daniel Rubin
Dealing with unmotivated callers
We are on month three of our first marketing campaign. So far we started with post cards then moved to yellow letters and will be sending out zip letters this week. We have mailed approximately 2200 mailers each mo...
Brian Plajer
Tax/financial planning services
Hello, I'm an investor, less than five properties and growing. I have heard several podcasts about the importance of a solid tax strategy. My current tax preparer does not seem to offer much of a strategy with regard...
Tatiana K.
Rehab with tenants present?
Hi BP, I'm proud to say we finally took the plunge and bought our first property! It's a 1920's craftsman duplex, 2/1 + 1/1 with one vacant unit and a 15-year tenant in the other (luckily no rent control so they're ne...
Kyle Steele
Cleveland/Detroit house flipping?
My husband and I have some money we are looking to invest. We have been considering buying and flipping a house in Cleveland or Detroit area. We really have no experience in this and aren't sure where to start. We are...