Cory Bagby
New Investor in Milwaukee
24 April 2024 | 39 replies
I hope to learn from the collective expertise of the members on BP and build a local team in Milwaukee.
Alex Rollins
Getting partial release from HUD for infill lot purchase
23 April 2024 | 3 replies
I recently had a infill lot under contract to purchase so I can build a 2 family house.
Thomas C.
Taking over 5 units from a family member - am I crazy?
23 April 2024 | 9 replies
However, these buildings have no mortgages or liens and the areas have become quite desirable to young professionals since acquired.
Nick Clossman
ADU Liability Protection
23 April 2024 | 1 reply
I live on 5 acres and am considering building a DADU to use as a short or medium term rental.
Account Closed
House hack questions
24 April 2024 | 9 replies
The next thing would be connecting with a lender and seeing if you can find any properties that pass the self sufficiency test if looking at 3-4 unit buildings.
Beth Anderson
What do I say if someone responds to my letter?
23 April 2024 | 6 replies
If you can find some common ground, continue building on that to establish rapport.
Tyler Ferguson
Beginner House Hacker - Book Keeping
21 April 2024 | 11 replies
Keeping your building expenses separate from your personal finances can make it a lot easier.
Ruchit Patel
Equity Rich Cash Poor!
24 April 2024 | 7 replies
I would think of this problem differently: I might encourage them to explore ADUs... this would give them an additional stream of income and would likely only require a relatively small chunk of money in their savings (relative to the total cost).If they could partner with someone that has experience building and/or flipping (to qualify for the construction loan), then cash them out with a 30-yr DSCR loan (and use that as the builder's profit), then they could rent the property and enjoy the cash-flow.
Account Closed
Tenant no responding to rental raise
25 April 2024 | 60 replies
I know people who did this so they could empty the building for condo conversions.
Najeh Davenport
16 unit 2x1 completely gutted in need of a purchase and renovation loan and thoughts
23 April 2024 | 9 replies
I reached out to several lenders about financing this project for the cost and renovation, I was either met with they only go up to 6 units, or the building has to be occupied, or that I was too in experience and I needed to put a license builder on the note with me.