William C.
Bankruptcy and rent to income ratio
A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...
Nick Cucci
Option$ when your flip does not appraise to your agreed price
Hey BP! I am just about finished with my first flip. We made SO many mistakes (budget blown, took way too long), but the end result is a beautiful house in an up and coming neighborhood in New Jersey. We have a buyer ...
Ernie Beiler
Who pays utilities in rental units?
I am in my first year of real estate and have wholesaled 1 property & recently finished a fix & flip project that is scheduled to close next week. I recently bought half a duplex and am considering keeping thi...
Account Closed
new lease for existing tenant?
Hi everyone,I am looking into buying my first multi-family rental property. Currently, there is a family occupying the upstairs unit. The current owner leases (month to month) the upstairs apt. to a family who has b...
Vee Vu
WHY should I invest in Philadelphia (PA), Baltimore (MD)?
Hi everyone, I'm moving to the east coast soon. I'm looking at 2 markets right now for BUY - FIX - HOLD. The pros at these markets are the housing price is very affordable and job growth is +. However, there are many ...
Andy Mirza
Do you use IRR for NPN's?
What are folks using to provide numbers to show historical data on their NPN returns? I've been using ROI and Annualized ROI when communicating with current and potential investors but I've always felt that IRR (Inter...
Gerardo Lozano
Help! Contractor skipped out with $6,300; claims he was injured
People say experience is the best teacher... well I've learned a hard lesson. I made the completely newbie mistake of paying up front, although it shouldn't have been upfront, the project got delayed so much it caught...
Nhia Yang
Need help financing with poor credit score
Hi BP, I want to ask the experts on how to creatively finance my first property --- if you guys think I should do it now, or wait. First, my boyfriend and I found a quadruplex (1 unit is available, the others curren...
Colby Fryar
Seller Financing Multi-Family properties
I am brand new to multi-family investing and am currently working with an owner to buy a couple of his properties. I am interested in Seller financing both of them and I think he is as well. What are the steps I sh...
Trent Quinlan
How Early is Too Early? Contractor Looking to Get into Fix and Flips
Hello All,I'm new to BP, and new to the rehabbing/rental scene in general. I'm a residential contractor and I would like for my business to focus on full rehabs rather than smaller jobs for individual customers. It is...