Jared W Smith
Getting a HELOC for REI Entry
As part of my investment plan, I formulated the following: Use a portion of equity in my current single family home for down payment to purchase an investment property. Home was purchased as an estate sale in original...
Lian Chavez
Newbie in Tulsa, Oklahoma
Hi! We’re new member and looking for a group to join for free and gather ideas and opinions in our area. Thanks in advance!
Tim Bellnier
Tenants “associate” put a padlock on a door
I own a North Carolina single family home with a full basement and one of the basement rooms (root cellar?) has an exterior door that now is padlocked.The lock was put on by an associate of the tenant and the tenant ...
Jeremiah Vancans
Austin, TX Investment Property
What are everyone's thoughts on Austin Texas? I'm considering buying in Austin for my first investment property. I'm curious what areas are best to consider with a budget up to $400k. Open to fixers, SFR or Multi-f...
Elizabeth Ashantiva
Attracting Tenants and Pricing Correctly
Hi Everyone!
BP Newbie here. So we just bought a 4plex in Minneapolis to househack. We’re living in 1 and renting out the other 3.
My problem is that we have only had 2 inquiries that haven’t resulted in applicatio...
Matt Z.
Cash-Out Refi Advice for First Timer
Hi All,I'm reaching out for tips as this is my first time considering cash-out refi. Exactly 1 year ago today, I purchased a duplex for $~348k in a fairly high rent area with a top-quality tenant pool. Put down 15% o...
Jennifer Fernéz
Buying a property with bad tenants
Im looking at properties to buy, and saw a tenant in a 4-unit property I like paid $1,000 in late fees. They are also smokers and their unit is horrid. They are month to month. What are common practices to remove...
Account Closed
First time buyers relocating to another state
My partner and I currently live in California and are interested in purchasing a 2-4 unit multi-family in Coos Bay, OR. We would prefer to use conventional financing but after talking to a loan officer at my bank, Wel...
Mark Killion
Chicago Cap Rates for "3 to 4 unit" properties
Hello Bigger Pocket members!
It has been a while since my last post on Chicago Cap Rates.
I figured it was about time for some updated numbers.
This post will look at Cap Rates for small multifamily properties.
...
Denise Hoitt
Need some advice regarding closing
We are in the final stages of purchasing a multi unit in Berlin. The purchase and sale agreement signed by the seller June 5, 2017 clearly states that the 1st floor unit needs to be vacated by the present tenant by cl...