All Forum Posts by: Rene Hosman

Think you can analyze 7 real estate deals in 7 days?

Join our “7 Deals in 7 Days” Challenge to sharpen your investing skills and enter to win some amazing prizes!

How to Enter

1. Comment below with “I’m in!” to officially join the challenge.
2. Analyze 7 different deals using any of the BiggerPockets investment calculators between June 16th and June 23rd:
   👉 https://www.biggerpockets.com/investment-calculators
3. Once you’ve completed all 7:
4. 1. Share your 7 calculator reports as forum posts using the share button on the report
5. 2. Then reply to this thread saying "Challenge Complete!”

That’s it!

What You’ll Win

Everyone who submits 7 completed deal analyses will be entered into a random drawing to win:

• 1-Year BiggerPockets Pro Membership
• Free General Admission Ticket to BPCon 2025
• $100 Gift Card to BP Bookstore

This is your chance to get serious reps analyzing deals, sharpen your investment criteria, and maybe even uncover your next great opportunity.

Let’s see what you’ve got. Comment “I’m in!” below to start 💪

Comment if you need a free week Pro membership subscription to use the calculators!

FAQ

Q: Do I need to use a specific calculator?
A: Nope! You can use any of the BiggerPockets calculators (Rental, Flip, BRRRR, Airbnb, etc.). You can even mix and match.

Q: How do I share my calculator analysis to complete the challenge?
A: If you need to know how to share a calculator report to the forums check for step by step instructions here

Q: What if I make a mistake or forget to attach a deal?
A: You can edit your comment or add a new one, just make sure you clearly mark your final post with “Challenge Complete!” and all 7 deal PDFs or share links before the deadline.

Q: Can I complete all 7 in one day?
A: Absolutely. You don’t need to space them out, just make sure you submit all 7 by the deadline. However, each calculator report must be created during the 7 day window (no uploading previously created reports).

Q: When does the challenge end?
A: You must submit your completed entry by June 23rd at 11:59 PM Mountain Time to qualify for the drawing.

Q: What if I already have BPCON tickets or Pro subscription?
A: If the winner selected already has a BPCON ticket, then they will receive an extra ticket to bring a friend of their choosing, if you already have BiggerPockets Pro then your free year will start at your next billing cycle start date

No purchase required, void where prohibited.

@Aaron Breckenridge you're the only person I could think to tag in this - do you know if this is possible?

Taking partial payments can make it hard or impossible to do an eviction if needed so be very wary of that!

IF you were going to do this I would personally still require full month by the 1st meaning for July she'd pay half on 6/15 and then the remainder on 7/1 so you're still getting the full month's rent by the 1st.

 Thanks for the tag Abel! @Amanda Adam you can also post here on the Classifieds page. 

If you want to do FSBO that is totally up to you, if squatting is your concern have you considered what the price difference you might get from getting a great agent and setting up a security system would be (I use Simplisafe myself)?

I know it may be too much to think about right now while your grieving but if security is your concern it may be worth getting a security system anyways. It might be a couple hundred dollars but it could save you a LOT of headache if you're concerned. 

You can also reach out to local investor friendly agents and tell them you don't want to list publicly but that you would be willing to offer it as a pocket listing - meaning they wouldn't publicly advertise it but if they use their network to find you a buyer you'd pay them a commission for their service. 

Wholesalers in your area could be another option, you have to be careful with that some are good, some are bad just like in any business but they usually have a rolodex of investors they can push the property to without a public listing. 

I'm really sorry for your loss Amanda and I hope you find the help you're looking for with this property!

I know of a tiny home space in Boulder County but I wonder how the further out ones do? I expect it's most similar to selling an RV park. I think if I were to do something along those lines I'd only build the homes if it were going to be used as short term rentals, there's a great space up in Lyons CO that does that on the river and it's really beautiful space for events and cabin rentals

What a great question @Don Konipol ! I may steal this one for a poll sometime soon... 

Personally I am an INVESTOR (active), and a BUSINESS (I self-manage) and I'm looking at opportunities to invest passively by the end of this year. I'm getting a self directed IRA set up with Equity Trust and have been following J Scott and Brian Burke to learn more about passive investing and paroozing the passivepockets.com forums to learn more from everyday people who are currently passively investing.

I live in Colorado where we have a few tiny home communities, the ones I'm aware of tend to be more like long-term RV parks where you provide hookups and then people bring their own home or RV or van to park at. I haven't personally heard much about tiny home communities being built and sold as commercial property but if you have any examples of that I'd love to hear of them!

"normal" is very relative to location and timing, was it normal to find cashflow in 2020/2021? Significantly more normal than it is now at least.... It's certainly harder now to find that especially in Seattle.

Some people will say you HAVE to chase cashflow or it's too risky, or you'll never be able to build a portfolio, etc. Others will say it's ALL about appreciation. Neither group is fully correct or fully incorrect in my opinion.

It really depends on your goals, your lifestyle, and your timeline which end of the cashflow - to - appreciation spectrum you want to fall on. 

If you can find both that's a home run but more than likely you won't find a home run until you get lucky or have more experience. And honestly that's kind of something I consider to be a great thing about real estate - even if you don't get a home run it doesn't mean it's not going to wind up being a great investment for you if you hold onto it for the long run. If you take a risk in alignment with your own risk tolerance and can survive the waves when downturns, vacancies, or unexpected maintenance happens then you'll be okay

Just pleaseeee make sure if you decide to buy a non-cashflowing property you are underwriting very conservatively so you know how much it will really cost you out of pocket. The BiggerPockets calculators can help with that and if you need some resources on books, podcasts, etc that we offer on how to underwrite your deals properly let me know and I can send you a list of my favorite resources on this topic!

I'm surprised this but you should also talk to your lender because with many loan products you cannot purchase the property in an LLC you'd have to purchase it yourself but that doesn't mean you can't manage the property using an LLC, it does however mean that if someone wanted to find the owner of the home (you) it wouldn't be very hard they'd just look at the county assessors website to see who holds the title. If you're buying with cash or if you have a track record with an LLC so the bank will allow you to hold the property in the LLC however you can ignore what I just said :)

Between repairs, supplies, insurance, and random surprises — tracking expenses for rental properties can be a whole job. I’m curious how everyone is staying organized throughout the year (especially with tax season always lurking).

• Are you logging everything manually?
• Saving receipts in a folder or using apps to snap and store them?
• Do you tag expenses by property, or sort it all out later?
• If you’re using software, what kind of system are you using — and has it made things easier?

Then let’s swap ideas — what’s actually worked for you? What turned into a mess?Tools like our partner Baselane’s built-in bookkeeping can automate a lot of the heavy lifting (especially with their AI & rule-based transaction tagging launching soon), but we know every investor has their own system.Drop your methods (or horror stories) below — and if you’re curious about how other landlords are handling this, feel free to ask!