Hello everyone. So last year I bought a 7 units apt for 1.06 million dollars. Everything looks great on paper. Bought it with 3% seller financing on a 8% cap. What could go wrong right? Only thing is I didn’t check wi...
I invest in Indianapolis, and I am closing on 2 more rentals in the next couple of weeks. I have been working with a great lender and I have been able to lock in low 30-year rates, which is definitely a great thing as...
My wife and I purchased our first rental in August of last year, and suffice it to say this has been quite the learning experience with many newbie investor mistakes made along the way. Right now we are dealing wit...
Hi Guys,I am 72 hours away from closing on a home, and my mortgage company is demanding a "comfort letter" attesting to my self-employment. The CPA who filed my taxes won't touch this and they just rejected another CP...
Hey BP Community,Starting out and I am searching for a mentor to help me get started. I understand how important a mentor relationship is to my success. -How do I know I have found a good mentor? -How do I know I need...
I own a 3-family property in Massachusetts and use a property manager to handle nearly everything since I am currently out of the country. I've used this particular manager for 2+ years now and haven't received any co...
After hanging around these forums for about half a year now, I've noticed that the word "Guru" gets tossed around quite a bit, and (understandably) not in a good way. It's a label that tends to be used interchangeably...
In your opinion; How does Donald Trump's presidency affect real estate investors confidence levels on both a micro and macro level?
I have this Subject to off market deal in Houston, tx: Seller's Motivation: Needs to move to smaller house close to work place.ARV: $185,000Repair: $5,000pending Mortgage: $135,000Seller currently lives in property an...
I'm typing this off of my smartphone so I apologize now for any spelling and grammatical errors. I got hired to work for a friend of mine for a week out in the middle of nowhere and forgot my laptop.
Anyway...