Account Closed
How many banks should you seek loans from?
After years of analysis paralysis I have finally decided to stop thinking of excuses to get started, and finally get started. Today.I talked to 4 banks today for mortgage approval, while in the process of setting up a...
Alex Liccione
Investing from overseas
Hello all!
I'm currently in the USAF serving an overseas assignment. My wife and I are hoping to make our first investment purchase this year with the intention of renting it out for extra income. We've looked around...
Harrison Lopes
Grand Slam or Math Mistake?
Hello BP Community,Brandon Turner often says on his webinars that +$100/unit is a base hit, +$200/unit is a home run, and +$300/unit is a grand slam. I love that rule of thumb so much, I actually have it posted on my ...
Kathleen M.
Property Management Co Terminated Contract
I inherited 3 properties from my father in Feb. Now that I’ve informed his long-time property management company that I’m selling, they sent me a letter wanting to terminate our contract immediately. They stated conce...
Michal Kasza
Converting a single into a 2 family a good idea?
Hello BP, fam! So I'm in the process of purchasing a single family in Massachusetts and would love to get any input on the topic of converting a single family into a 2 family. The home is about 1800 sq.ft both units w...
Lee Melvin
Having an emergency fund for repairs etc. 50% rule....
For some reason I do not like the thought incorporating the 50% rule when looking at cash flow etc.
Id rather just have a large enough emergency fund and deal with problems when they come up and not include t...
Joe Kato
Landlord survey: for rent sign in yard or not?
Do you put a "for Rent" sign in the yard or just advertise on the web? I find I typically just post on the web, but am I missing some of the market? I guess I think drive by callers are maybe less desirable than mor...
Mike Neubauer
Short Sale properties in bankruptcy
I have recently been getting a lot of calls from people that have an upcoming foreclosure date, and are in the middle of filing bankruptcy. They say they would do a short sale if it would benefit them. The points I ma...
Tyler Haskell
Realistic expectations for a deal in Sacramento?!
Hello everyone,I was hoping for some advice on where to begin in realistic expectations for the Sacramento area. Clearly the 2% and 50% rule are tough to find in CA and even Sacramento, so in order to not turn EVERY p...
Kyle D.
Water well problems and tenants
I have a few properties that run on well water. No water bill for the tenant is great but being responsible for pump and well to operate properly could be stressful. Water pump could stop working anytime, nights and w...