Generally speaking, there are two main strategies when buying multifamily properties: Turn Key and Value Add. These strategies are very different and both have pros and cons.
In a turn key investment, the buyer does ...
Our school district is getting ready to get rid of an old high school building built in 1905. My husband and I have dreamed of turning into an apartment building. I reached out to the district and got the opportunity ...
What would you do in this situation:
Business: Manufacturing
Commercial building valued at 2mil
550k left on mortgage
800k Line of credit (650k balance)
Bank is demanding line of credit balance to be lower than 5...
Hey BP! I’m getting ready to close on my first duplex within the next two weeks and very excited!I’m inheriting a tenant who has lived at the property for 24 years and never missed a payment. Issue is he is paying 7...
While chatting with a friend today they brought my attention to discussions currently happening in the Oakland City Council that would be of interest to all of us with small multi-family properties in Oakland. Oaklan...
I have inherited a property in Dallas, Tx. This property has a tax lien of $10 k and is in pretty bad shape. I need to rehab this property to be able to do anything with it. I have no dept and my credit is really good...
Hello All,
I have a 4-plex in Jenkintown, PA (Montgomery County). I bought it back in November 2018 and have replaced 3 of the 4 previous low-paying tenants. The one remaining is a 69 year old man with no job and som...
Current business snapshot:
-Currently buy/renovate/sell 25+ SFR per year.
-Avg hold time from purchase to sale is 3 months (no property ever held longer than 4 months)
-Hold approx 6 prope...
I moved from Panama City, FL to College Station, TX 3 years ago for an employment opportunity that placed me almost geographically centered between kids and grandkids. I rented for the first year and stumbled across a...
We have our first needy tenant. No one has lived in the house for 3 years on a property that we bought, gutted and completely renovated. There were some minor issues that needed to be worked out, again no one lived ...