John Hooper
New investor, looking to help my mom
Hi BP, I'm looking for some feedback about the strategy my mom and I are planning to use to get her monthly cash flow back into the black and help her eventually retire.Background:My stepdad recently passed away unexp...
Scott Bartlett
HELP: Valuation for 4 Unit Building purchased 2 Months Ago
We purchased our first 4 Unit Building after a successful Triplex property. We came across a property with the ability to financing using seller financing, and noticed that the property was severely mismanaged and low...
Account Closed
What is the average discount on foreclosure after 1 year vacancy
Anyone know what the usual discount is on a foreclosure that's been vacant for a year? I'm looking at one in Bakersfield right now, weeds 6ft tall, but the house (on the outside) is in decent shape. If this inside n...
Nathan Kyle Taufer
Help analyze 8-unit in Cleveland
Off market 8 unit brick apartment building in Cleveland built in 1920, Manhattan Beach areaPurchase price - $145000Rehab costs - $30000 (cosmetic consisting of windows/paint/flooring/trim/carpentry)(6) 1-1 units under...
Kyler J Sloan
Ideal Purchase Frequency
I know this is going to vary by market and personal circumstances, but I cannot help but notice that it is the prerogative of most investors to buy cash flowing properties as aggressively as possible, and as soon as o...
Andrey Y.
At what interest rate would a refinance no longer make sense?
I have investment properties with fixed rates of 3.375%, 4.5%, and 4.375%. There has been several six figures $$ in equity growth over the last several years, and my LTVs have recently been pushing 50%. I am looking t...
Ralph Noack
Who is responsible for broken windows & cleaning up the dog turd
Hello BP.I have a tenant with 2 unfortunate situations that I need to deal with. This is a corner lot house. In a residential area. Not terribly busy but gets enough foot traffic. Lots of people walking their dogs.Sit...
Jasmine Claye
Comps
Is there an approximte # of recent sales needed to get a good ARV?
Christopher Gathe
my first deal on a duplex
My 1st deal is a winner , I purchase a duplex for 350K I put 3.5% down with FHA loan that's 12K So I levaged 337 K @ 2.5% When I purchased, rents were 800 each side , Which were under market Since then the market h...
Jared Baker
Worried about my first property, need some reassurance!! :)
Hello BP!! I have finally started making my first steps into purchasing a rental property. I have spoken to several lenders and have been pre-approved for a loan and now I'm ready to start putting offers on propertie...