Hello! Rookie real estate investor looking for some advice:
I purchased a duplex in Grand Rapids, MI last October (2023). I bought the property at $365k, and its new *estimated* value after renovations is 390k-400k...
I am heavily considering submitting an offer on a triplex (2500 sq. ft.) in New Jersey as my first investment property. This would be a BRRR deal. I am looking for insight and expertise with the HVAC system, because...
Before I ask a question, I try a keyword search. However, I may not be using the right keywords. So if this has been answered before, feel free to post a link.
Two part question.
1. I have a plan, to save the 20% ...
This might be a dumb question but.... I am looking at a multi-family in my area. I was told by a mortgage broker that the certain city I am looking in a is a "depreciating market". Is it not wise to buy here or is...
Hello BP,I'm looking to start investing out of my state and came across this REO house in NC. It's been on the market forever and the price keeps going down. I don't know what's wrong with it. Based on the pictures...
I’ve been a reader for a long time on these boards and after spending a lot of time looking at multi-family properties I’ve come to the conclusion that it’s probably not the right investment for me. I live in Californ...
I currently manage units near large Universities like UF and Santa Fe area. For the past month or two getting the units rented have been very difficult. Most the units are 4 b 4b or 4 b 2 b. We rent each bedroom out a...
Hello BP Community,I've been reading the BP forums (and others) regarding forming LLCs, and oftentimes the information in one post/article negates what's in the next. My confusion lies in the varying information conc...
Yesterday my tenant texted me to tell me that she didn't want to turn on the central heat so she plugged in a space heater. When she did this tripped the lights. She flipped the breaker and the lights came back on bu...
Is it ever wise to buy real estate cash and have no mortgage? i thought putting the least amount of down and having leverage is the smarter move?