Mitch Rice
Hi from Kansas City
Hey everyone!My name is Mitch Rice and currently live with my wife and wonderful kids in Lenexa which is a suburb of Kansas City. Last October, we moved out of our first home (a duplex) and instead of selling it we de...
Ben Randall
HOW!? I need to turn $50k into $100k - not scared of hard work
I’m in the Tulsa, OK area. I have no idea where to start. I’m from a low income background and have no one to reach out to for information on real estate. I’m a seasoned remodeler, licensed HVAC, business owner, and a...
Andrew P.
Trouble getting a HELOC becasue of DTI (lenders using tax forms)
As the title says, I am struggling to get a HELOC right now. I have 3 properties, all cash flowing really well (yes, I am including vacancy, repairs, and funding a CAPEX account). However, as a result, of my tax forms...
Bill F.
What has Historically Drive RE Returns?
I took @Dave Meyer's awesome data and played around with it a bit. Since I don’t have to commute, I have way more time on my hands these days. But, without all his hard work none of this would have been possible. So b...
Snehann Kapnadak
Modeling Prepayment Penalties in Excel?
Hi All
Hope you're staying healthy and safe. Was wondering if anyone knew how to model out the prepayment penalties lenders have on MF properties? Yield Maintenance and Stepdown. The spreadsheet I'm using doesn't tak...
Jimmy Day
Hold property or let it go?
I have a studio loft in downtown Atlanta that I could likely sell for $135,000. I currently owe about $107,000 on it and have it rented out to an amazing tenant who has never called me with the first concern over her ...
Brian Gibbons
Installment Sales - Pay full price to seller and get your terms.
Say you want to focus on the following:Out of all the houses in the United States, many are free and clear of any mortgages. See this article at DSNews http://dsnews.com/news/market-studies/01-10-2013/a...So let's say...
Chris Mylan
Washington, DC Success Story - SFH, Vacation rental
I have two main goals of posting today 1) To let folks know that it is possible to successfully invest in higher priced cities with little money out of pocket, and 2) To build relationships so that I can partner with ...
Dmitriy Fomichenko
Getting in trouble with self-directed IRA?
One of CPAs we work with sent me their client who have gotten themselves in some trouble with their self-directed IRA.
The client opened self-directed IRA with IRA Resources Trust Company. Then he created an LLC wit...
Clark Dickenscheidt
Where to start investing?
I have been reading blogs, listening to podcasts and "lurking" on BP for over a year now. We are ready to start investing but can't decide where to start. We have about $65k set aside to invest in real estate and ca...