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Hello BP,Hope all your investments are doing fantastic.I’m looking for a bit of financial advice.I currently own 3 single family homes under 3 conventional mortgages each. I do not yet have my own primary residence (I...
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I would like to know... when you analyze a potential rental property deal, do you "stress test"? for example:Crank your vacancy up to 12%? Figure you expenses at refi could go up x amount due to higher interest?Or doe...
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What proactive measures do you take to increase profitability on your rental units? Here's some things I have done recently:
1. Challenged tax assessments.
2. Hired a firm to handle the 2nd round of assessment chall...
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Hello everyone, my name is Scott and I'm from the Chicagoland area. I'm a combat veteran who would like to use the VA loan for a multiplex if I can find the right deal. I've joined BP recently, but figured now was...
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Hi All,As an agent I'm working with a client that had an interesting idea about an ADU. Of course I'm not at liberty to consult him on whether it would work well or not, but it got me curious. There is a company out o...
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Howdy, Long time lurker, first time poster. I was waiting until I had a good scenario/question to pose to the group before I made a post so here it goes.I've been speaking with a client of mine who wants to sell his ...
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Hello BP, I'm writing to find some guidance and opinions for my first deal based on the state of the housing market. getting my first property right now as a college student in this market is daunting to say the least...
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If the virus survives into the warmer months, the Fed will likely lower rates at their meeting in late April. Here's to another year of low mortgage rates!
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Entertaining the idea of building something unique and smart for the Austin, Texas area or other parts of the country. I’m in the research phase and want to see what people think and maybe make some connections for f...
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:shock: That`s what the neighbor of a property I bought in upstate SC mentioned to me, after calling me back to confirm the breakers were off(power getting turned on today). I suppose I shouldn`t be too surprised, a...