Hello BP community,
I am an experienced real estate investor from Israel and I am excited to venture into the Detroit market. I am planning to invest around $100,000 into my first Buy & Hold house within the next...

My goal would be to buy, rehab, get up to market rents, refinance at a better rate.Three duplexes in Virginia:Property 1 (2 units - 2 bed 1 bath each)- Appraised Value: $245k- Mortgage Payoff - $183k- PITI: $1709.57 - Interest Rate: 9.25%- Total Current Rent: $600 (one unit is vacant)- Market Rent Based on HUD: $2986Property 2: (2 units - 2 bed 1 bath each)- Appraised Value: $270k- Mortgage Payoff - $202k- PITI: $1845.29- Interest Rate: 9.25%- Total Current Rent: $1450 - Market Rent Based on HUD: $2986Property 3: (2 units - First is 3 bed 1 bath, second is2 bed 1 bath)- Appraised Value: $263k- Mortgage Payoff - $190k- PITI: $1809.04- Interest Rate: 9.25%- Total Current Rent: $1500- Market Rent Based on HUD: $3572Other Factors:Total Current PITI is $5363.90Total Rent is $3550Tenants are all month to month with 1 unit vacantEquity After Deal: $197k (may be more as appraisals were done 1 year ago)Rehab costs to get market rent: $20k per unit or $120kLet me know your thoughts!

I want to use investment properties in order to live a life financially secure, and create a purpose that will get me excited to jump out of bed in the morning.Hopefully we can connect and build together.

Purchase price: $515,000 Cash invested: $26,500 3 Bed/ 2.5 Bath 1850 Square Foot new build townhouse in appreciating area of Charlotte.

I've been looking at 2 bed/1 bath and 3 bed/1bath rent comparables on zillow, rentometer, and redfin.

Budget, location, property type, beds/baths, amenities, etc all need to be confirmed.3) Save your money 4) Analyze deals with your agent5) Schedule showings for the properties that appear to have potential6) Make offers7) Close on the right investment propertyGood luck! 

@Susan Tan I think if you can clarify a few things, many on here will have detailed feedback.1- is this spec 3plex you want to JV on the same unit you said was 11 weeks overdue and poorly done?

It's a 1 bed, 1 bath that hasn't had any updates done since purchasing. 

I had bed and breakfasts for 24 years and lived among the guests.

Lots of these smaller philly row homes are actually being converted from a 3 bed 1.5 bath to a 2 bed 2.5 bath and are getting a lot more success on the rental and sale sideBecause 1100sqft in a rowhome style is super tight and that 3rd bedroom really loses its use to its size. some of these spaces can barley fit a twin bed a dresser.