Edward C.
How would you invest $70K
Hello all, First off, I would like to say that BP is such an amazing community. Before a friend told me about BP, never in my wildest dreams would I imagine such an amazing resource exists, where experts in real estat...
Lauren Alpert
Tenant moves out 15 days into new lease and wants deposit back
Hi BP community,I have a rental in Los Angeles, CA near USC. The renters, all young college students, rented a 5 bedroom back house. 2 short weeks into a 12 month agreement, they decide to move out. The previous rente...
Thomas Williamson
So I get the dreaded phone call, I mean text message...
Sunday evening while finally sitting down to relax and watch a little football, I get a frantic text from one of my tenants, "Call me now please." So, before I could call her, another text comes in, "I really need...
Ted Kaasch
Tell Us Your Real Estate Horror Story
On a recent podcast of REIA Radio #70 with Jamil Damji was asked this question. He responded that they found a dead body in the house he was walking. What have you found in your investments that make people cringe?
Christina Tkacs
Calculation question... first timer
I'm running some calculations on a duplex that I'm looking at, and things don't seem to be adding up. This is my first real estate venture, so I want to pose the question to the community for advice.The duplex is in ...
Eyal B.
Multi-Family reposition in Los Angeles - Lots of Photos
I recently finished work on my 4-unit building remodel in Silver Lake, an area that has become fairly desirable in Los Angeles.I seek out under-performing buildings with deferred maintenance and under market tenants. ...
Michael Slockers
Modifying the 70% ARV formula to capture more contracts? Yes or no?
I understand how and why to use a standard formula of 70% ARV - repairs - my wholesale profit when making an offer to a motivated seller.However, I have some buyers who seem less interested in getting a great deal (30...
N/A N/A
How much work do you do yourself?
I think from reading MikeOH's blog that he seems to most of his own maint. I don't have that many houses but I do all my own work,several major remodels done and working on one now. I have read some posts that your a...
Adam Scheetz
Should I be Investing with a Time Machine?
Now that I got your attention, let's talk about Short Sales and whether/when they are a good fit.First, some context:A Short Sale is when the NET proceeds from a Real Estate SALE will fall not cover the DEBTS secured...
Marcin Chojnacki
Another Beautiful Renovation and Beautiful Payday!
Wheeling ILPurchase: $126,100Reno: $44,800SOLD: $231,000PROFIT OVER $45,000!