David Cheng
What do you qualify as a proof of funds?
Currently have a listed 4-plex for sale, 100% occupied. As a screening tool, I ask for proof of funds before we bother a tenant and show the property. To me, any liquidity qualifies: bank letters, bank statements, sto...
Eddie L.
Roofstock Deal - Beginner Analysis (Requesting for Help/Advice)
Some BackgroundI'm a complete newbie living in New York. I never invested in real estate before but am definitely interested. Unfortunately my W-2 job really doesn't give me time to attempt more time intensive strateg...
Brandon Foken
Question for those who use Google adWords - Conversion Rates
Hey BPers,
I just started an adWords campaign late last week and was curious what other's conversion rates looked like. What is the average number of clicks you pay for to get a lead conversion or a filled ou...
David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Jennifer Stammberger
What exactly is a DSR loan?
David Greene mentioned a DSR loan in one of his recent youtube videos which I've never heard of. If I understood it correctly-it's simply a loan that does not use your W2 to qualify but the lender would look at the pr...
Peter Sik
Roof replacement needed, should I file a claim?
Got 2 reply from roofers, they found significant hail & wind damage to the roof which contains x2 layers of shingles and can not be repaired. So total roof replacement is needed , cost about $10000. Want to know...
Gordon Cai
In-State Vs. Out of State for First Property (Main Goal is to Learn with Min Losses)
Hey BP. I'm trying to get my first deal done but can’t decide whether to start off in-state or out of state. My primary goal for my first deal is to learn as much as I can but due to how expensive homes are in Califor...
Joel Oh
Write off luxury car under STRs?
Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.My tax advisor said that I will need to prove this car was used for the business.I k...
Dan B.
Homelister Review - a very bad experience for me
Read about my poor experience with Homelister before listing your property with them.Homelister seems like a pretty good deal at first for anyone who wants to save some money on selling a property and doesn't mind b...
Robbie Knecht
Marketing and my first campaign
Hey BP, Alright so I just sent out my first direct mail campaign of 541 absentee owners that I got off Listsource. I sent out red postcards that have a big "NOTICE" at the top and right below it it says "I BUY HOMES"....