Greg Gangle
To update Knob and Tube... or not?
Hi BP friends. I’m going to be closing on a property that requires the entire home to be upgraded from knob and tube.
Here’s the numbers
Purchase Price $44K
Knob and Tube upgrade $13K
Insurance premium $2246/yea...
Ram Ranga
Inspection Items - Proceed or Not to Proceed
I am on contract with my first property and just got the inspection report back. This will be my first investment property and I am not sure how to handle all of the suggestions from the inspector. Want to hear from y...
Mark Abbott
Broadway st. Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $14,500
Cash invested: $25,000
Duplex in 40211 that I bought at forclosure auction
What made you in...
Jonathan Schell
New member from SE PA
Jon Schell here. I'm a military vet currently working in the electric utility industry. I've been eyeing up rental properties for a few years and doing some light reading on matters of Landlordship. Ultimately, I'm lo...
Osiris Gamiochipi
Fix and flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $40,000
Cash invested: $80,000
Sale price: $305,000
Interior gut to studs. Final pictures can be seen on Zillow...
Laura Webber
Seeking Multi-Family Unit Deal Advice (California)
Hi folks, I am seeking to buy my first multi-family unit and I need a sanity check to see if this property is worth purchasing as a rental property. I was very conservative on the cost estimates, but it would still ge...
Johnny Manziel
HELP - Mobile Home Park - Purchase Analysis - 14 lots
Hey everyone, hope I covered the majority of my situation up front...Have an opportunity to purchase a mobile home park in WV that isnt too rural. It has city water and sewer and tenants pay for own electric and cut o...
Jimmy H.
Getting permanent financing for REO apartment
I am looking at purchasing a 72 unit apartment REO in my area. The bank is currently offering 20% down, 300 basis over prime with a 6.75% floor on a 20 year amortization and a 5 year balloon. Apartment is currently 75...
Tim Dunlop
Stuck in the mud in Indianapolis - time & motivation struggle...
Just looking for some motivation or even ideas that can help me get back into the groove.Current SituationI purchased a package of multi family properties about a year ago - 28 units total. At the time 4 were rented ...
Robin Norman
Our first BRRRR, now up to 10 units, 1 year later
Been following the forum for a few years passively, figured I’d share how our 2019 went with our first BRRRR.
Grew up building houses so I thought a remodel would be a cinch. It wasn’t, at all.
Signed contract in N...