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BRRRR Buying With Cash
Hi, In David Greene's book on the BRRRR method he said to buy an investment property with cash. I haven't read the whole book yet but, should I buy with cash or go with a loan when I first start out and why?
David Tower
Please stop me from wasting time on a non-deal
I just spoke with a nice gal who has 3 properties to sell. She owes about 75k on each and at most they are worth 100k, probably a bit less. They each rent for 1k and she won't take less than she owes plus closing cos...
Lindsay Butler
Is it possible to do a successful flip remotely?
Interested in getting into REI specifically with house flipping but wanted to know if it would be possible to do a successful flip if you are in another state?
N/A N/A
20% down ?
Hello,
I am interested in a 4 unit multi-family rental. What should I be looking for? Is 20% down the number to put down? Obviously the more you put down the lower the mortgage will be. Is it better to put more down?...
Scott Graham
Cap Ex? What % of rent?
Hi BP!In the process of acquiring my first 4 family property. I am wondering what percent of the rent do you set aside for Cap Ex? Is 10% a reasonable amount?Scott
Randal McLeaird
Paneling - paint it or pull it?
Just bought a rehab project and we're about to complete it. We already pulled all the paneling off and when we did, the sheet rock was damaged from pulling the paneling and glue off the wall. We had the guys re-float ...
Brandon P.
How much under asking have you gotten a property?
Has anyone ever successfully gotten a property for 60% or less of asking? There's a rental property I'm looking at just listed at 40k. They want cash only, and it needs alot of work. Just wondering how reasonable a ...
Virginia C. Huddleston
Foreclosure Property
I see a great triplex for sale that's in foreclosure. Great area. However, I believe the price is too high. Having never dealt with foreclosures, how negotiable is the price and how low is a bank willing to go?I'm in ...
George M.
In a good spot?
Fathers giving me the house when.. God forbid.. When he passes.
I do want to help him pay down the house. But I'm feeling that I should invest that money in other areas. I'm ABSOLUTELY happy with living at ho...
Mustafa Asfar
Best Option for Rental Property
I'd like recommendations on what you look for when buying a property for rental. Do you prefer new construction or a used home?Is school ratings a huge factor on the location?What price point?Does location really matt...