Melissa Casey
Buy and hold
5 February 2024 | 5 replies
Hello MelissaYou mentioned it twice your credit could use some work.
Shane Bishop
HUD Listings: PROS VS. CONS
5 February 2024 | 5 replies
Hello,My wife and I found a home we like on www.hudhomestore.gov that seems like a good deal at face value for a potential flip or long term rental, but we have never purchased a home from them and wanted to find out the pros and cons of these types of deals.
Reagan Huefner
Owner Build House Hack?
5 February 2024 | 2 replies
Hello everyone,I'm exploring an opportunity to convert a duplex into a quadplex and would greatly appreciate your insights or experiences in similar ventures.Background:Purchased a duplex in Roosevelt, UT for $210k, invested $20k+ in renovations.Currently valued at ~$275k with a mortgage of $197k.Planning to leverage the equity for a new project in Bear Lake, facing a housing crunch.Proposed Project:Partnering with my grandparents, who have $300k cash and a half-acre lot.Aim to build a quadplex, estimated cost: $1,000,000; ARV: $1,200,000.My contribution: $50k cash, project management, and labor (potential savings of $150-200k).Financial Breakdown:Total initial investment: $450k ($300k from grandparents, $50k from me).Required loan: $450-500k for construction.Post-construction plan: Either buy out grandparents or rent units for 2-3 years, offering them 5-8% annual return.
Alan Asriants
Are you planning on increasing your tenants rents in 2024?
6 February 2024 | 23 replies
Hello BP community!
Connor McGinnis
Financing A First Duplex
4 February 2024 | 8 replies
Hello,I am looking to purchase my first duplex in the New Orleans market.
David Thomasma
New as of 2023 Rental Property Investor
4 February 2024 | 1 reply
Hello Everyone,In 2023 my wife and I made a goal of investing in rental property in our community of Lansing, MI.
Reid Richardson
New Member - RV Park / MH Park Broker
4 February 2024 | 3 replies
Hello,I am currently a RV park and mobile home park broker in Dallas, TX.