Jose Bernard
House Flipping risks to be aware of for new investors
My latest house is flip is currently under contract and closing in 2 weeks. House flipping is not a core strategy in my business as I only do 2 to 3 house flips a year and focus more on buy and holds. House flipping o...
Eddie Brissett
Unique 1031 Exchange scenario
Hello everyone. Have a friend with the following scenario: Purchased 3 family house. Purchase price, rehab costs and holding equals $700K. Each of the 3 floors will be sold as condos for $350K a piece or a gross prof...
CJ M.
Horse hair plaster and lathe. Is it worth purchase?
Hello all,Have an offmarket seller looking to get 50K on a 1950's 2/1 1000 sqf Cape Cod he's owned for 40 years (it's been vacant for last 2 years). Est ARV is 100-120K (good school district and solid B neighborhood)....
Robert Cook
USDA Loan for multifamilies?
Hi there,Does anyone know if you can use a USDA loan to buy a multifamily in MA? I am looking to buy a property in the coming months out side of Worcester and have been getting mixed responses on whether you can buy a...
Cody Barrett
Duplex: What is normal in regards to washer/dryer use by tenants?
First property and I inherited a tenant in the upper. He has access to a washer/dryer set in the basement which is in OK condition. There was a spot for the lower's washer/dryer set too but the owner took it after ...
Tony Nuttall
Section 8 leasing
Hello all. What are the good, bad and ugly about leasing to section 8? I was tossing around a few ideas for a new construction build I will start the end of the year. It will be a smaller home. 2bed/ 2bath roughly 900...
Justin Wroblewski
Turning an FHA Loan into an investment property
I am a 24 year old new investor (also new to BiggerPockets) who is motivated to grow my portfolio. I currently own a duplex in New Jersey as of January 31, 2018, which I purchased with an FHA Loan. I currently have th...
Joe Morello
"Price Improvement!" - Is it really?
As a real estate broker here in South Florida, I have recently observed a noticeable trend in the real estate market: an uptick in what many are referring to as "Price Improvements" on property listings. While this te...
E.J. McLeavey-Fisher
Buying a home and trying to invest otherwise
Hi everyone,My family is planning to move from NYC and buy a home in northern NJ in the near future (likely Montclair/Maplewood/SO). At the same time, I'm hoping to start investing via a small multifamily building so...
John D.
Converting a Two Unit to a 4 Unit in R-2 Zoning
So I'm looking at trying to convert a two family to a 3 or 4 unit. It is zoned R-2 however with in 500' of the property there are a few 3 and 4 units AND a big apartment complex. Now I know at first blush the town w...