Sunil Dudeja
Good Deal, Bad deal or who knows....
Hello Friends So this is how I feel when I try to get a property and I see someone buying at a price that does not make sense based on numbers. One thing I know is on me which is I am new. But I have...
Evan Yates
Partnering with a Private Investor
Hello all,I'm looking for some advice on how to structure a new partnership. We have known each other for 15 years and worked together on multiple other businesses, so there's no problem there. Here are the details:My...
Alicia R.
Advice/opinion - bedroom conversion- buying multifamily
Hi all - I'm under agreement for a multifamily in MA. The MLS lists 3beds but the city records list 2 beds...its been converted but there was no permit with the city. my approval is based on rental income for the 3bed...
Donny Widjaja
For multifamily, should I analyze numbers first?
I've been looking at some multifamily (from 5 to 20 units) and practicing to analyze those deals with BP's calculator.When I find a deal that fit my criteria, should I check for the real numbers from the seller first?...
JJ GONZALEZ II
Cash Out REFI for LLC owned property
I have a great deal in Bonita Springs that I bought for cash. I am trying to do a cash out refi but the 20 banks and credit unions I have contacted won’t do it because it titled in the name of an LLC, or the ones tha...
Alan Asriants
Trying to buy Land in GA but have title issues - anyone have experience?
Hey BP community, I have been under contract for a while on a piece of property out in GA. It is a 40acre tract of land that was owned in an estate. To make a long story short, there are a lot of potential heirs of th...
Drew Poniewaz
FHA Mortgage
I have an FHA loan on my private residence. I would like to buy a new private residence and rent out my first house as a rental property. Is there anyway around the FHA loan and renting my original home? Can the FHA l...
Spence Rodman
10 Mortgage Limit Problem
I have recently purchased a house that i have moved into. I purchased it using my business line of credit from a local bank who holds the mortgages to many of my properties. I intended to refinance the loan on a 30 ...
Matt M.
How many of you are strict with the 3x rent/salary?
Hi all,I have just begun to try and stick with the 3x rent salary. Do you ever stray? I have a nice single mom applicant, works 30-35 hours/week at $17 hour, gets $400 month in child support and still isn’t close to 3...
Sharad M.
Would you consider this deal?
Hello all-
I looked at this property today listed for $30k. The property has 4 units, each unit is 2 bd/1 ba. Each unit can be rented out for at least $550/mo with owner paying the utilities. I plan to hire a propert...