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I am fixing to close on my first rental property. The bank did 75% I put 25%. The bank loan is 14,500 and my cash is around 6500 after closing and insurance. The home as is value is 25,000 with repairs that i listed f...
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I'm a wholesaler in the Birmingham Al market. I have a deal under contract with owner that has problem tenants. Owner is a 85 year old tired landlord ready be to be done with renting. He has this one last house with p...
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Hi! I'm preparing to invest in a turnkey home w/ them. Anyone have experience-good/bad-with them? Do you recommend a different company? I plan to fund this by changing my Traditional IRA to a self directed IRA. I...
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So I'm going to Phenix, Alabama this weekend to check on 4 duplexes (vacant)Requires some cosmetic works, floor, paint, windows and there's a hole in the roof about (3ft by 3ft) for all the units. Sale price right now...
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I've been lurking a bit and messaged a few people, but I figured it is time to make a post. I'm a new member, looking to start my REI journey. Getting started a little later in life than some, but that's ok. I have an...
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Hello everyone, I’m looking to get into real estate investing. I live in Tampa Florida. I am a husband and a father to 3 children. I work 40 hours a week usually from 4pm -12am. I’m 37 and I’m wanting to do real estat...
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Looking to connect with those having success investing in single-family rentals in Royal Oak to Birmingham, MI.
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Is there a local network group of investors, lenders in Birmingham that meets either by zoom or in person?
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Dyslexia Disclaimer. look past the typos. I have a chance to buy a 4 plex! I am bidding on it at auction. Up to $34,000. The Bank's reserve is 16k. It is class C-/D+. We all ready own similar properties and we hav...
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Hello BP members, I am a newbie and have found a potential property in Birmingham, AL. This will be my first if I choose to proceed. As far as I can tell the numbers look right from my calucations. Asking price is...