Ariel G.
20-30% Rule
Hi Brandon and everyone.Regarding "The Ultimate Begginer Guide to REI"' 30% rule , or Brandon's "7 years to 7 figure wealth" plan proposal of a 20% discount offer, what do you think according to your experience:1. Wh...
Tyler Haskell
BRRRR strategy: A Love Hate Relationship
Does anyone else see the same major flaw of the mystical BRRR strategy?
At the end of the day, arguably the most important element or phase of the BRRR process is the refinance to get your exit money. And the appraisa...
Katrina P.
How would YOU approach this deal? Or would you?
An agent that I'm working with, told me he has a short sale listed that is a "good deal". Here are some of the specs:
*On the market 91 days
*3 bdrm/2 baths townhome
*Price was reduced from $199k to $175k to $169k
*...
Cole Puterbaugh
3-unit mfh severely underappraised
Under contract for a 3-unit mfr in Cleveland. My first purchase. Purchase price is 177K.Appraisal is 138K.I cannot make up the difference with cash since I'm already at the top end of my purchasing ability.Is ordering...
Jeff Ihnen
Real estate agent claims worst offer in 25 years
Hey everyone, just recently got rejected on our offer my wife and I made on a duplex. Their listing agent stated "this is probably the worst offer I have received in 25 years". Was I really that off in my numbers or d...
Charles Montgomery
Forbearance, Forbearance, FORBEARANCE!!!!! This is a MUST-READ
Hi there Bigger Pockets!You NEED to enter into forbearance. ASAP. NOW. You will read why below.Most users on this site use 30 year loans. Now imagine if I offered you $10,000 today or $10,000 in 30 years. Which would ...
Scott Houin
Property Manager Not raising rents as requested
About 6 months ago I reached out to my property manager in writing and ask them to raise rents on all my properties by $25. I reminded them to do this about a month before each lease renewed. When I got my lease re...
James Sinclair
Wholesaling (Against the Law?)
I have not wholesaled a house and finding one that would make a acceptable deal, for a buyer, is very difficult in our area. I have done two fix and flips and they are a lot of work and a fair amount of risk as well....
Brandon Schlichter
Almost 2 years into being a buy-and-holder - 18 units & a full time job
I still wouldn't mind hitting 50 units this year as per my other post - http://biggerpockets.com/forums/522/topics/160698-... However even if I don't, I'd still consider myself a success.Mid 2013 I was able to source ...
Eric Roloson
Structure a low ball offer so it is stronger
If I was to put in a very low offer due to the fact that the listed property has had no written offers in 2 weeks how would I structure that?Example: 100k property with an offer of 60kI know that's a large spread of 6...