Many investors spend years focusing on cash flow, appreciation, and debt paydown. Then they sell and discover depreciation recapture and capital gains taxes can take a significant bite out of their profits. For those with larger portfolios: What's your exit strategy? 1031 forever? Sell selectivel...
I was talking with an investor about a potential acquisition recently, and the conversation wasn't really about rate. It was about cash. He could make the deal work with more money down, but his concern was simple: "I can put more cash into this one, but then I have less available for the next on...
Looking for someone experienced to chat with about managing a very strong-willed real estate investor.. preferably somewhere in the Tampa / Sarasota area since I am still pretty new to this market. I have kind of a shark on the line lol.. successful, aggressive, questions EVERYTHING, fights hard ...
Not the win, the near miss. The roof you didn't budget for, the tenant who stopped paying in month three, the rehab that doubled, the loan terms you didn't read closely enough. I'll go first. I planned for the foundation repair. I did not plan for what leveling a house does to the plumbing undern...
Here's the rule I run everything through: I don't buy anything under 3 bedrooms. It's not a preference. It's math. 1. Section 8 payment standards favor 3BR+. My 3BRs in Memphis rent for $1,395-$1,950 through Section 8. On a house I bought for under $100K, that clears the 1% rule without breaking ...
I have always used QuickBooks but their monthly fees are getting out of control. I do like being able to track income & expenses by Class on QBO, but $140/month is too high IMO. What are some other alternatives you are using?
Would anyone be open to having a conversation about their investment goals and criteria? I'm trying to get a better feel for the different veiws that investors take into consideration when looking at a property. Looking forward to the conversation Appreciate and Respect Your Time Dennis Bamford
My wife and I are looking at our first multifamily investment in Western Connecticut and would appreciate some experienced investors’ opinions. Here are the numbers: ● Purchase price: $400,000 for three units. ● Layout: Each apartment is a 2-bed, 1-bath with a balcony. ● Projected rent after reno...
Hey BP community! As I’ve been diving deeper into representing short-term rental buyers, one pattern I keep running into and hearing about from other agents. Is buyers getting excited early on, but then getting "cold feet" right before putting in an offer or during escrow. For those of you who ha...
Hello everyone, could you please recommend a reliable and affordable property management company in Wake County/Raleigh area. I’m looking on recommendations based on personal experience, please. It’s my first investment property so any tips are welcomed, regarding the monthly rates and other impo...
Whether you’re investing, buying, selling, brokering, or are a service provider in real estate your degree of success is dependent on DEAL FLOW. And while deal flow without the other skills, knowledge and work necessary won’t by itself guarantee success, without significant QUALITY deal flow succ...
After successfully deterring/denying dogs in our rental properties (we allow cats) one of our tenants brought a dog into our property. They were honest about it, called to discuss, and wanted my opinion of the situation. For context they have only lived in our rental for about 6 months. My first ...
I know that sounds like a weird question. But I’ve seen investors look at their bank account and think, “I made $40K this year.” Then we look at the tax numbers… and it tells a very different story. Cash flow and taxable income are not the same thing. Do you track cash flow or taxable income more...
Hi! I’m curious if there are any real estate investors near the Dothan, Alabama area that would be willing to mentor my husband and I? I have had one successful flip a few years ago before we got married and my husband is very driven to build a portfolio as well. We’ve been able to find propertie...
Every investor seems to have a different bottleneck right now. For some, it's finding the right deal. For others, it's available capital. Some are concerned about interest rates, while others are struggling with construction costs, insurance, or finding properties that actually cash flow. What is...
Section 8 inspections sound scary until you've passed a few hundred of them. They're not looking for a perfect house — they're checking that it's safe, clean, and functional. Here's what actually fails a unit in Memphis: no working smoke detectors or CO detectors, chipped or peeling paint (lead r...
Hi everyone. I recently won my first investment property through a tax-foreclosure auction in Rochester, NY for $15,000, and I'd love some input from investors who have experience with low-cost rehabs, BRRRR, flips, and rentals. The property is approximately 1,550 sq. ft., 4 bedrooms/2 bathrooms,...
After about 4 years of going all in on investing in real estate, I have tried regular buy and hold, BRRRR, and house hacking in multiple markets, and I can now say that they all SUCK. I started out getting hyped by all the BP books and went through any information I could get my hands on to make ...
If you're investing from California, Texas, or anywhere the numbers stopped working years ago, here's what the small multifamily market looks like in Louisville right now. Here's a number that should be on every investor's radar this fall: $875 billion. That's how much commercial and multifamily ...
Pittsburgh Investors — In Town Oct. 6–7 I’ll be in Pittsburgh this week and would love to connect with a few local investors and real estate professionals while I’m there. I’ll be attending the ACRE Vendor/Sponsor Expo Tuesday evening, October 6, and I’m keeping part of Wednesday open to grab cof...
I’m a Chicago-based investor looking to expand my portfolio and currently evaluating some multi-family properties in Blue Island. I see quite a bit of inventory out there right now and wanted to get a feel for the area from those who know it best. I'm mostly looking for a broad overview of what ...
This is something I see investors get confused about all the time. You can have a rental showing a loss on paper, but that doesn’t automatically mean you get to use the entire loss against your other income. That’s where the passive activity rules come in. Have you ever had a rental loss you coul...
I had a conversation with an investor recently that I really enjoyed. Not too long ago, he was focused on getting one deal across the finish line. Now he's looking at how to keep multiple projects moving without having all of his cash tied up in one property. What changed wasn't necessarily the s...
A lot of flips do not get into trouble because of one catastrophic event. The margin often gets chipped away by several smaller misses that compound. Seven areas I think are worth stress-testing before moving forward with a project: · Acquisition price: Did you leave enough room for the project t...
Buying Baltimore rowhouses from another state? Your boots-on-the-ground team IS your due diligence. I'm the guy investors call after it goes sideways. Five red flags that would've saved most of them: **1. No verifiable track record.** Anyone can answer the phone and send photos. Ask for three pas...