John Khadiyev
Renting a 3/2 to a family of 6 wise move?
Hello,
I am thinking about renting a 3/2 1500sq ft home to a family of 6. Four kids ages from 7-12 and two adults. That's two people per room. Is that considered wise to do? Is that full occupancy or more than recomme...
Brian Salazar
Typical timelines before receiving reservations on AirBnB
I recently acquired my first short term rental in Broken Bow Oklahoma. After getting everything set up, I was able to post the listing on Airbnb about two weeks ago, and on VRBO about a week and a half ago. I have set...
Stephen D.
Small Multifamily financing
Hello everyone. I’m trying to find my way into multifamily investing and I’m trying to find a property that I can reposition usIng seller fInance. I plan on financing a few years down the road once It Is stablized wit...
Account Closed
First deal help and analysis
I am looking at numbers for my first deal.
The property is near Oklahoma.
It is a multi family property with one building. It has 4 separate "units". Each unit has a common kitchen and common area. Each unit also ha...
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Loan Type
I'm getting ready to purchase a four plex and was set to acquire a 30 yr. fixed rate loan. A mortgage broker is trying to convince me to acquire an interest only loan stating that I can leverage my money best that wa...
Dewayne Gammel
BPO vs/or Appraisal
I am looking at picking up a property using hard money. End result would be to sell said property or refinance and keep as a buy and hold after all repairs are done. My question is about the BPO and/or Appraisal.
...
Chris Igard
Cash out refi to avoid capital gains
I have two scenarios I’d love some advice on. 1. I have a home I purchased 14 months ago for 475k. Someone made an offer I could not refuse for $725k. I owe 225k on the property. We close in 17 days. I was curious i...
Andrew Wong
Insurance Confusion. First time shopping
Ok, I'm just a little bit confused about exactly what insurance I need. After scrounging through the rental property book and online, I think I ingested too much information and need some clarity.So I'm in the process...
Scott Reynolds
Pipes burst in an inherited house - insurance claim?
Hey BP, so I'm in the process of inheriting a house from my step-mother's estate. It is out of state from me (PA), and has been cared for by my step-brother (executor). It was my father's house originally, and my step...
Burt L.
How Can I Market This 3-Plex the Elderly Owner Wouldn't Raise Rents On?
I put under contract a 3-plex today that has an out of state owner. The owner hasn't raised rents in six years - in a strong rental market. He also pays the utilities even though some already have separate metering, a...