Greg W.
Building and balloon payment due
Hi,A few years ago I purchased a 7 unit building with seller carrying the mortgage with 2% interest for 3 years that ends with a balloon The price was $310,000 and I put down $30,000. I made a mistake of not getting a...
Jennifer Townes
In over my head with mutli-family!
Hi everyone - sorry my intro will have to double as my cry for help! :)Here is a summary of the issue:My husbands father purchased a vacant 8-unit building under one of his companies in 2012. A while back, father in l...
Patrick Echlin
BP wants me to share my first property apparently so...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Litchfield.
Purchase price: $210,000
5 units in two buildings on the same parcel, plus a 6th that needs about $25k worth of wor...
Kim Handelman
How do newbie wholesalers accurately assess rehab costs?
Hey guys,I have a lead on a property to wholesale (I'm brand new to wholesaling) I think I can get it at 70% of ARV but am worried that the work needed -- I don't know if it's ever been remodeled and has some water st...
Jeff Brenot
Getting an electrical transformer removed from property
Hello BP, I am currently in contract to purchase my first property, and I'm super excited/nervous at the same time. It is a 4-plex in Austin, TX and I plan to occupy one of the units. The back yard is great- each unit...
Laura Levine
First major renovation - struggles and successes
Good morning! I recently completed my first major REI (buy and hold) rehab and thought I would share my experience; mishaps, disasters and all, with everyone. My husband and I bought a 90 year old estate sale hous...
Kamlesh G.
Inspection uncovers major mold.
So my partner and I finally get our offer accepted and move to the due diligence phase. We meet the inspector at the property. Get access to first unit, its a 4-plex. We are surprised to find out that the tenant had b...
Tonya Quinn
Newbie from Grimes, IA
Hi! I'm Tonya Quinn. I'm originally from Des Moines, IA. I will be attending DMACC this semester for an Accounting & Bookkeeping degree.Get ready for a long post!A little bit about my experience in real estate:Whe...
Jonathan Wildy
ok frugal rehab to renters.... I need suggestions
Home depot is expensive... so where do you go to get your rehab things? Habitat for Humanity Re-store? are there warehouses ... direct window suppliers, direct flooring/doors/fixtures without home depot or someone l...
Becky Flack
Divorcing couple with shared rental property.
My Husband and I are seeking a divorce. We also own a home in Co. together, I live in Ca. he is moving to Mo. We want to set the property up as a rental and pay him for investments he has incurred since I moved out ...