About 20 months ago, I bought a turnkey property in a C class neighborhood in St. Louis, MO. Despite it appraising for the purchase price, I likely overpaid. In September 2023, the renter stopped paying, leading to ev...
Hi, I’m a new agent and one of the brokers I’m interviewed with mentioned the opportunity to fill out BPO reports in order to generate a little bit of income while sales are slow. What exactly does does a BPO entail...
Hey BP, how is everyone doing. I've been trying to figure this out for some time but have been unable to so I am looking for some suggestions. I currently have 3 (4plex) that I own out right in Georgia and I am look...
Hi Team - I wanted to walk through a couple of quick thoughts on what I see as the most at-risk parties in a potential recession. 1) Middle-Class Homeowners - A middle-class homeowner reliant on one source of income, ...
We're going on 3 properties, and I'm wondering where others store their reserves for their rental properties? My general rule of thumb was 6 months of PITI, which I have in a savings account. As we go to 3 properties,...
I'm confused on the refinancing part of this strategy.For example, with obviously hypothetical numbers, you find this situation:Purchase: $70,000Rehab: $35,000ARV: $150,000So, your total investment is $105,000. You re...
I need a strategy.
I'm retired, but never got into the BRRRR. I have $1M cash and $1.5M in paid off real estate assets, no debt, and no 'real' income. 830 FICO.
I want to leverage my assets and start BRRRR to secure...
Hey BP community! I would be very interested in your thoughts on feedback. Here's my question:At what point do you believe it is wise to stop reinvesting your cashflow into more properties and start focusing on princi...
Whether you're a fix and flipper or landlord investor another type of real estate investor, what are the current resources you are utilizing to get your deals funded?
So I have an interesting situation. I have been using a lease option with a home that I originally intended to purchase to live in. But the property has proven too difficult to finance because it's a 1 bedroom house w...