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7 February 2025 | 1 reply
Investment Info:Single-family residence other investment.
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4 February 2025 | 11 replies
What are the best areas of a single family house to renovate that will have the greatest improvement to home value?
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18 February 2025 | 7 replies
Just a none confrontational coffee meeting, "how's your family", what do you need from me so you can pay rent on time??
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23 February 2025 | 4 replies
We are a family of 4 and options like co-living is not viable.
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5 February 2025 | 4 replies
We have flipping, advanced investors, woman only group, 101, multi family, landlording etc.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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11 February 2025 | 14 replies
Quote from @Melissa Odom: Hi BP Community,I have a small family-owned shopping center in Wimberley, Texas.
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23 February 2025 | 10 replies
This puts your family’s home at risk and is unfair and irresponsible, in my view.The claim that “hard money loans for existing deals are difficult to get” is simply not true.
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8 February 2025 | 1 reply
I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?
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14 February 2025 | 5 replies
House hacking by purchasing a duplex, triplex, or single-family home with extra rooms can help you reduce or eliminate housing costs while building equity.