So I found a condo that looks quite intriguing in central Massachusetts, it's bank owned & needs some work due to the previous owner damaging the unit prior to being foreclosed on. I was planning on making a cash...
WE ARE NEW INVESTORS JUST PICKING UP OUR FIRST STR ON THE GULF COAST THIS PAST OCTOBER. IVE BEEN APPROACHED BY A NEIGHBOR THAT THEY WANT TO SELL ME THEIR UNIT. BEING THAT WE JUST AQUIRED OUR FIRST, WE HAVE NO CAPITA...
Hello BP, I have a couple questions regarding construction loans. First off,I am looking to implement the brrrr strategy to grow my portfolio. Are construction loans the same as hard money loans? Are construction loan...
Hi, my name is Lauren, I’m 35 and located in New Orleans, Louisiana. I’m an architectural designer with knowledge in construction and construction management. I've been on BP for a couple of years, but only active wit...
I'm considering the purchase of a foreclosed commercial property. The property continues to cash-flow under the management of a court-appointed operator. The bank's asking price is 65% of appraised value as they wan...
Does anyone have experience converting apartment buildings to individual condos? For example, if you bought a 20 unit apartment building for $300M and converted it to condos selling for $400k each (this is Californ...
"8 Plex. Each Unit Is 1 Bd, 1ba That Rents For $650 A Month. Wood Floors Throughout. Utilities Are Separately Metered. Owner Furnishes A Washer And Dryer For The Use Of All The Tenants. Gated Parking Lot With 8 Sp...
Hi all. I am working on the feasibility of a joint venture multifamily development. I would like to re-finance into long term debt once the project is finished using a DSCR type loan. Is it possible to get fixed rate ...
As a potential buyer, I've been dealing with a wholesaler in my area and I'm not sure if the conditions they've set for the buyer are typical.
If you don't mind sharing:
1) How much of a deposit do you ask for from ...
Hello BP,
So I have a sfh rental property that I am expecting to pay off fully in a few months. My plan is to use the equity in the rental to purchase additional rental property. What is the best way to pull cash ou...