Michael E.
Creating my unfair advantage
Hello BP!I just wanted to share my plan for creating an unfair advantage for myself. Another title for this post could be "From adversity to advantage"1. Become a licensed contractor. In Michigan all I have to do is t...
Christian Bors
Tenant's friend almost attacked me (move out inspection)
So last night my tenant and I went through our property move out inspection walk through. I had bought this property about 6 months ago at auction and inherited this tenant. Needless to say, the place is destroyed. ...
Stephen Quesinberry
First Buy & Hold using BRRR Strategy in DFW!
Hi Everyone! Excited to share my success story and lessons learned during my first BRRR and second investment property. Hopefully, everyone can learn from it! Here are some lessons learned during my first SFH BRRR in ...
Jorge P.
Water coming into My Basement Rental - AHHHHH
Pic #1: This is the water I found in one of my rentals that’s about 5’ below grade. This came AFTER we had finished doing a foundation waterproofing around the perimeter of the house! - How could this happen!?I had t...
Cameron Strong
Wholesaling With Tenant Occupied Home
Is it a good idea to start my wholesale career off with a property that's currently occupied with tenants? Also how do I inspect the property to make a reasonable offer without interrupting the current renters? I have...
Danny Duran
Buying a Property with Mold in it
BP community--I went under contract on a north side Chicago multifamily property (4-flat) this week (thanks @Brie Schmidt ). Basic inspection (thanks @George Foster ) and mold inspection occurred on Wednesday. There ...
Josh Saul
Replace your mortgage with a HELOC
Hey Folks,I've been looking into the concept of replacing our home mortgage with a fixed rate HELOC as described on sites like Replaceyourmortgage.com. They want about $2000-2500 for their coaching and information. ...
Jason Schmidt
can someone please explain this 50% rule to me?
I have heard from people on these boards that I can expect the operating expenses of the house I purchase to rent out would be about 50% of what I can get for it monthly. I could be misunderstanding it, but how is th...
Sean Rooks
My 1st BRRRR a base hit!
Just finished my first deal, a BRRRR triplex in Norfolk, VABUY: 2400 sqft triplex:1) 1bd/1ba 550sqft @ $550/mo2) 1bd/1ba 625 sqft @ $600/mo3) 2bd/1ba 1250sqft @ $800/moPurchase Price: 136kRehab Budget: 60kExpected ARV...
Brandon Turner
Pitbulls as service animals... I don't want to get sued!
Hey folks - so I have a property in a lower-income part of town and almost every tenant who applies has a pitbull. (The animal, not the singer!) Anyway - tenants today know the game. They just need to say "it's a serv...