Kevin Kanavaloff
Instant equity purchase? Need advice
I met this older woman selling her property. She has it for sale by owner as she doesn’t want to work with an agent. I have a good relationship with her and she knows my wife and I really love her home. She had her ho...
Arturo Herrera
If you could redo your 1st multifamily purchase
Hey BP - if you were ever a JV partner with a friend for your first deal (5+ units) and it was the first multifamily purchase for both, and could do it over again, what would be the top 2-3 things you would do or thin...
Joseph Crunkilton
NMIS for Flipping Business
Morning All, I'm a new investor in Washington County, Oregon looking for some advise on my NMIS for my flipping business. I've just finished BP's intro to REI and have picked flipping for my first niche. I have a few ...
Debashish Majumder
First Fix-n-flip became a profitable rental
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $12,000
Cash invested: $59,000
This was my first flip - bought a bank-owned REO and did a complete rehab knowing th...
Stephen Jones
Raising rent during pandemic
Hi BP,I am set to close on a 12 unit apartment building Aug. 1st. The rents are a little low compared to the other rents in the area. What are your thoughts on raising the rent with everything going on? The rent raise...
Kristen Lavallee
Can I get tenant employment info on an acquisition?
I am under contract for my first commercial building (12 units). I would like to find out (and the bank has asked) whether any of the tenants have been out of work due to covid19. The seller, the seller's attorney, an...
Brad Bellstedt
Hard money loans/lenders in Las Vegas Nevada
Hey BP!
I'm running the numbers on a property and its been a while since I've asked around about hard money rates in Las Vegas so I'd like to pose the question to the community and see what kind of responses we can g...
Kevin Keene
Which Talent is Better to Hone?
Hello, everyone!I have been reading a lot on comps lately. (Thanks to Steve Babiak's post "Finding Comps - FAQ") but I have come up with a question. Which talent would you rather have: estimating comps or estimating...
Samson Kay
Comping out Recent Sales to calculate ARV
Just wanted to get everyones opinion on the following method for calculated ARV.
I have 3 recent sales all 3 BR 1- 2 bath with a garage, But the square footage is much smaller and overall lot size is also muc...
Kimberly Martin
Update on "Making Offers on Property Sight Unseen"
Hello!
I tried to post a quick reply on my original thread, but it kept highlighting my words, so I had to start a new topic.
Well, the seller (the wife) called me this morning, saying that they are rea...