Branden Drake
Best way to raise below market rents on newly purchased property?
Hello everyone. I am under contract on a duplex in a good area of Springfield, Ohio. Current rents are well below market @ $460 and $500 a side. The exterior of the property is in excellent shape but the interior does...
Frank McGovern
I need software to manage/track leads. Any suggestions/recommendations?
I am looking for something cheap or free that a "guru" isnt trying to upsell me on. I need it to input property addresses, the stage where the lead is at (needs research, owner not selling, send mail (if needed) etc. ...
Larry Lee
Would me doing this be legal? advice needed
My original intent was to purchase a property with private money. Do the rehab. lease it. Then do a cash out refinance. I've contacted no less than 30 banks, credit unions and financial institutions trying to locate a...
Ryan Williams
Pay off Primary or Buy Rentals?
Hello, I've been tossing this idea around and doing the math and would love the communities thoughts - Theoretically, let's say your annual income would allow you to save $100K a year. Would it be better to pay off yo...
Jan B.
A Sale Gone Bad. What Can I Do?
The day before the closing date (May 30th) I was told that the buyer's financing could not be approved for the FHA loan due to a judgement on his credit. I am now being told by my realtor that I can not sell the ho...
Davion Riley
New To Investing With Little Money
Hey BP I'm new to the site and also new to the ideal of REI. I'm from Arkansas and I really want to get started in REI this year. I'm 21 years old and a senior in college. I don't have a lot of money saved up currentl...
Daniel Saunders
Hardmoney Lending Questions that I couldn't find on older posts
Hi All,I am trying to get into hard money lending. I unfortunately don't have the money to do it on my own but thankfully I have a partner that is ready to jump in. My main question is I know in order to be really suc...
Jonathan Batson
House Flipping - Preliminary Analysis - Rehab Cost
Hello BP!I am new to real estate investing and working towards my first deal. I have a question about the preliminary analysis on house flipping. I am going through wholesale lists and reviewing comps for the proper...
Mario Am
Managing a multifamily(+16)
Hey.I am considering purchasing a multi-family/building that has between 16-21 units, most articles out here that I’ve read focus on 2-6 units so I couldn’t find a clear answer on this.Before I really start it out, I ...
Mike Geier
Fourplex in very small college town - case study
In April 2016, we purchased our first property (my wife and I.) Stats on the property:
Purchase price was 180k (45k per unit), 25% down at 5% (beg mort is 135k)
Location is Frostburg, MdCinder block, no basement,...