I religiously use the ARV x 70% - repairs formula for any flip that I look into. Completed one last fall and made money. I 've only been looking at cash buys and under 100k houses up to this point.
Because of my wif...
Guys, how does a mobile home park compare to an apartment building as an investment? I was wondering about the following:
1. ROI. I have seen Jim do an MH park valuation with a 12% cap rate whereas Jon H has done ...
I’ve been browsing BP and researching a lot… How do others put a property under contract FIRST, then secure a HML/private equity/crowdfunding for financing AFTER? (I had a pre-approval letter in this instance). Still,...
Iron Sharpens Iron. I want to hear your most effective ways at increasing rent from an already existing tenant.I personally write up an email or letter 60-90 days out from renewal explain that their rent will be going...
Hello world! First post on BP. Be nice.First, a quick note about me. I'm a formerly-retired lawyer (UT-Knoxville law school) who is now practicing again primarily for the purpose of rebuilding an investment stash I lo...
I’m currently active duty and want to get into real estate but my current schedule is pretty hectic and I would like to minimize the time I dedicate to a property (for the time being). Does anyone have any tips or rec...
Sally and Johnny are both the sole owners and employees of a pair of unrelated S corps in the same city. They don't know each other, but Sally and Johnny make and sell widgets. They both also W2 themselves $50k/yr, wh...
I'm writing this in hopes to find some guidance on why a single family property I have is not selling. A little information is below.Location: 8 Faulkner Avenue, Wilmington MA 01887Days on Market as of 4/27 (47days)Cu...
My sister and I are new to REI, but we're stoked as hell to jump in, and we happen to be lucky enough to have access to ~$275K in cash. We're trying to think through what is the best approach for investing this cash i...
Off market dealPurchase price 110k20% down1150 in rentMarket value as is 135k$400 cash flow19% cash on cash returnNow I don't have a huge savings in my Roth IRA, but I have enough to fund the rest of the down payment ...