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Hi BP communities !I watched 50% rule video and I read blog about rental property number that posted by @Ali Bonne. I tried to applied what I learn to purchase my first turn key rental properties in Detroit, Mi. There...
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Hi all!As stated in the title, I am new to to this game and looking for advice. I left my position at a company back in New York to come to Miami and get my real estate license and pursue a career in real estate.I hav...
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I bought a brick 4 unit building at the Detroit Tax auction last year for nearly nothing. It's basically blight. It's in Mexicantown just west of Livernois near W Vernor. Around Cadet, Military, Infantry...
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Hello BP Community!!
Current investor with residential deals and have an opportunity to move forward with a 5 Unit Property that I plan to move into as a primary residence. I am looking to leverage my primary residen...
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Hi all,I am trying to solve my sellers' problems but want to manage their expectations and not over promise anything. A sweet elderly couple are in a 2-story home in a solid neighborhood in Baltimore but need to move ...
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Could someone explain to me how to go about investing in note buying ? What are some key factors to know when investing in note buying?could you explain the difference in Loan Status and Lien position? loan status:1. ...
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Hello,I would you all to look over these closing costs (all personal and bank info is redacted).The purchase price is 400,000 and I am putting 16k down. Closing costs are coming to 30k. That seems high to me but maybe...
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Okay so I call a number from a bandit sign for rental homes. I figured it might be a potential motivated buyer so I made contact. Ends up being a Real Estate agent. I shoot him my spiel about being a local investor...
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Hi fellow real estate investors, We have a home under contract that appraised above the purchase price. Prior to the appraisal the lender said they would do 80% LTV. Lender is now saying they will loan on 80% of the p...
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Greetings! Question: do I need to research title for a "bank owned" auction.com online auction? What due diligence do people suggest for occupied homes?
Thanks!