James Homes
Help - Can't Sell - Am I missing something?
I have a mobile home in a 55+ community in a great location only 8 minutes to the beach.
It is an older mobile but that is only the frame. Being a master carpenter when we purchased the home I completely gutted it to...
Roc Pilon
Appraisal Inaccurately reported? Has it ever happened to you?
I just purchased a single family home in the downtown area of where I live. I purchased it because when I drove by and spoke with the realtor the cost for what was being sold seemed so crazily low I had my offer in th...
Stewart McMillan
Badmouthing tenant's attorney. Are there consequences?
I'm in the middle of a dispute with some tenants. The building's manager, whom I've known and worked with for 7 years, says that these tenants seem nice/normal and she hasn't had any problems with them.Unfortunately t...
Jay Hinrichs
Code of ethics for hard money and private lenders
Here are a few list of ethics a good Hardmoney lender will follow and borrower to be cognizant about. 1. Do not Bait and Switch IE you see the 100% LTV 5% rates which we know don't exist. Don't advertise what you ar...
Hari Mann
Finding Investor Partners - My current ONE Thing (...and my biggest frustration)
Post title is inspired by a book I read by by Gary W. Keller and Jay Papasan. I love educational books like this and a bunch of others that really give me energy to tackle my goals and hustle hard towards my big why (...
Andrew Jones
Looking for some Opinions on Education
I was wondering what the BP community thinks about these types of certifications: Mortgage BrokerSpecialized Mortgage BrokerCommercial Real Estate BrokerResidential Real Estate BrokerThe fastest each schooling can be ...
Russell Gronsky
Basing CAP rate off projected income
Hey all,
So I was looking at a 10-unit multi-family property the other day online and it was advertising an 8 CAP. But when I ran the numbers, the CAP rate I got was closer to 6. When I asked the broker where the 8 CA...
Collin Hays
Would you give warning of ghosts in your STR?
Disclaimer: I am not a believer in ghosts.
We owned a cabin on the Roaring Fork River in Gatlinburg that was over 200 years old. We bought it in 2010, and it was called "Riverhaven" at that time. It had a history ...
Matthew Swisshelm
2-3 Year Business Plan For Newbie REI
Good morning everyone!Today, I'm going to lay out the REI plan that I intend to follow over the next 2-3 years. In doing so, I hope that you fine members of BP will troubleshoot any short-comings that I do not see.Thi...
Michael Andrews
Help assessing a deal with the 1% rule
I've been looking for my first multifamily property and I found a fourplex that just popped up on the MLS at $330,000 getting a net rental income of $2500. Looking at the 1% rule the price is way over the rental inco...