Alma Mills
How can we buy cash flowing triplex with little money down?
So here is the potential deal, love to hear any ideas. Purchase price is 600k on 3 unit property that should cash flow. I am trying to find out what is the best way to finance it either for short term (flip) or l...
Ryne V.
Self employed loans?
Hello fellow BP'ers,
Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...
Joey C.
Buy now with cash? Or wait to finance.
I currently have 50-60k to invest in my first rental property. There are many single family homes and condos for sale in my area listed anywhere from 40-70k. Here is where the question arises. I was discharged from ...
Account Closed
Unexpected Capital Improvement
I have not run across anyone talking about building or having a reserve fund for a property. What is The recommendation to accrue and pay for a unexpected capital upgrades, i.e. furnace, roof, sewer, parking lot, wind...
Shannon T.
Naples Florida
Hi,
I am just getting ready to start. My interest is in buying rentals (single family homes, condos) in southwest Florida (Naples, Estero, Bonita Springs).
I wondered if there are people on here with experience in ...
J.Michael Edwards-Toepel
Help! Deciding whether to sell or convert to vacation rental
Hello All!I was gearing up to sell a home I own in Minnesota (I live in Arizona now), but after I listened to the most recent BP podcast I am very intrigued by vacation rentals and really thinking that I might be able...
Todd Michael
Question on "disqualified person"
Thank you in advance for taking the time to read my question.
My uncle passed away and left a trust. I would like to purchase some property from his trust using funds from my SDIRA. So my question is if t...
Joseph Duenas
Help! Looking to purchase my first apartment building
Please help me with my first offer for an apartment building: Subject: Six Unit Apartment building on the market for $800K. Only three of the six units are occupied. I believe I can get $1,000 for each unit after some...
Michael J.
Hard Money questions
What to private mortgage lenders generally require as far as LTV? Like if I am looking at a house that has a ARV of 100K what could I expect to get out of a HML and does that include rehab costs?
Is there a good stra...
Tim Dastis
NJ - How to get rid of tenant at end of lease?
I purchased my first rental property (triplex) 7 months ago and have had pretty good success with it thus far minus a few hiccups here and there. In my one unit however I have trouble tenants who are habitual late-re...