Manuel A.
5 Questions - Rethinking my Game Plan
I'm going to try and keep this short, as I always write way too much. I just have 5 questions so I can rethink my game plan as I don't feel I'm doing enough.
1. Would you ALWAYS put out a bid on anything and everythi...
Mike Landry
I think I found my first deal!
I think I found my first deal in Kingwood (Houston area). Long story short:An old friend of a friend bought this house in 2007. Lived there for a couple of years got married and moved. He paid $124,000, tried to se...
Chris Mcdonald
3rd property under contract in Baltimore Maryland
This will be my first hard money BRRR and first single unit. Under contract at $80k needs $25-30k rehab + sweat equity with the hopes of ARV $157k as the identical house next store sold for $157 in June. This is my fi...
David Chappell
1st Out of State BRRRR Property
Hi Everyone! I am getting close to my first completed deal, so I thought I would post some details here to share my story.After lurking on the forums here for about a year I finally decided to start taking some action...
Anthony Johnson
Just bought # 18 since Dec 2011. Ask me a question.
I just entered into escrow on a SFH with a private money mtg/seller financing and it is another "petty house". I have bought "Luxury" 4 br homes by the beach, pool homes, and some lower middle stuff, but every...
Daniel Maciag
Is it me or.... (rental vs price)
Take Ozone Park for example. I saw a house last week for 630k 2bd over 1bd. Running some basic numbers.... (not conservative).Upfront5% down + 20k closing = 51.5k out of pocketMonthly (best case scenario)- 2944 Equity...
John Lee
Critique my analysis on a deal
6 fully occupied duplexes, cap rate 8.5%, tenant pay electric & cable. Room to build a few more duplexesWhat is wrong with my number? If seller said 8.5% cap rate, maybe I put expenses or too high? property tax se...
Charlotte Dunford
Creativity is your best weapon
In real estate, or business in general, you win by solving problems that others can not solve. How do you do that? You must be extremely creative and think outside of the box, and do things others cannot think of doin...
Kevin Humphreys
REITs v. Direct investing in real estate
My question is pretty basic. What are the main reasons why investing directly in real estate is a better idea than just investing in REITs.My understanding is that the rate of return on REITs is generally higher than...
James Masotti
Do you invest solo and with partners? I have some questions.
Hey there BP - Hoping to get some advice and insight from your collective wisdom. I've acquired a few properties now using a private lender. We were discussing that in the next couple of years that we'd like to look a...