Larry Flanagan
What have been your worst investments?
My worst loss was $100,000 trading foreign exchange. I made $100,000 one year then lost $200,000 the next.
My worst real estate deal I lost about $25,000 on. Paid too much, rented to dirt bag tenant for way...
Derek T.
Rehab Costs
Okay so I am trying to get better at estimating rehab costs and currently I am trying to come up with a list of how much repairs will costs. From my understanding their are two philosophies when it comes to repair co...
Connor Mckelvey
First Deal - 8 Days to Close and my Lender is Dropping the Ball
Hi BP! My Name is Connor (long time lurker, first-time poster) and I'm just about to close on my first Investment property!I'm in a very frustrating situation with my lender and this noobie could really use some advic...
Daniel Murphy
Selling a STR, furnished or not, list with agent or not?
Hey all, I've had some unexpected life updates and am considering selling our short term rental in Cape Coral FL. It's fully furnished for an STR & has a year plus of track record plus a rate in the low 3%. What...
Riley Gilson
Why do you buy from a wholesaler?
Not sure if this is the best place to get the feedback I'm looking for, but hopefully someone has a keyword filter up just in case.For those of you who buy from wholesalers on a regular or semi regular (open to interp...
Tehane Gallimore
We are thinking about selling our highly profitable AirBnB
Some people are likely going to laugh at me when I post this, but we own and operate a highly successful AirBnB out of Beech Mountain, NC. We are super hosts, award winners on Booking.com, and consistently are averagi...
Jacob James Caballero
Analysis
I am currently looking for my first investment deal and am very interested in multi family. I am looking out of state because I live in an extremely expensive area of California where a typical mobile home is 300k plu...
Jon W.
Detroit Land Bank Authority
Hello BP,Has anyone rehabbed a Detroit property under the supervision of the Detroit Land Bank Authority. I am considering a property but do not know about all of the hoops that you need to jump through in order to k...
Gary Onstad
Self directed IRA
I'm having trouble figuring out how I would manage a property using funds from a self directed IRA. If I use an IRA I have a transaction fee ($35) every time it writes a check. So $30 to mow the lawn becomes $65 expen...
Vashist D.
House hacking in college/university
I’m currently in high school, and learned about house hacking from the bigger pockets podcast. I am confused about how I can make some cash flow from house hacking a property near my future university. Which propertie...