Hi BP!I am 1 year into a property I 1031 exchanged into. I was given an offer to sell (and seller finance) I can't pass up. I understand from 1031 rules that I need to hold the property for at least a year to keep the...
Is there a way to finance a rehab while getting a conventional loan to take advantage of the low rates right now? Or is it necessary to use a hard money lender to finance both the purchase and the rehab? I'm looking a...
For example, I set aside a specific amount for each rental. Each year it comes out to about 7,500 in reserves to cover vacancy, maintenance, for each of a small handful of rentals (let's say 3). It's really rare I hav...
Hi folks, I've been studying the BRRRR method and would love to run this hypothetical analysis with you to make sure there's nothing I'm missing, especially with the added complexity with using a HML. POTENTIAL CONCER...
Hi folks, I've been studying the BRRRR method and would love to run this hypothetical analysis with you to make sure there's nothing I'm missing, especially with the added complexity with using a HML.POTENTIAL CONCERN...
Hello Wholesalers, We all know that find a motivated seller is not an easy task. But, though I invite you to describe how would be your "perfect" or ideal motivated seller, those you would like to serve and attend, an...
Backstory - bought a property in which the owner left behind all appliances. They left a washer and dryer combo. I never supply washer and dryers as I know the issues that can come up with these appliances. My intenti...
Hello! I have recently accepted a promotion with my company to relocate from to Buffalo, NY in a time frame of 6-12 months. This is a loose timeline that was agreed to in writing (which could "lengthen dependent on ma...
Hello fellow BP members, I am a newbie wholesaler in the Tampa area and in a not so distant future I am looking to move to the Athens, GA. Right now I am learning and gaining new skills in Tampa which I plan to take t...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $181,000
Cash invested: $20,000
This is a duplex that I bought in poor shape planning to get rid of bad tena...