Hello all new and established BPs. A conversation in January with a coworker (and BP fan) opened our eyes and here we are - we just closed on a cash-out refi of our primary residence (in Missouri) today @ 2.875% and ...
People have asked me for an update regarding the million dollar home I tried to sell during last weekend. Well, instead of giving you just a boring update...I want to share with you what I've learned. My hope is yo...
New member but have been lurking for many years. Been investor for around six years and a broker for 2+ years now.
Currently 29 years of age. Married no kids. Live in Naperville area. Studied engineering ...
I have an opportunity to invest in my first MF as a passive investor. The sponsors are putting 10% down for a 25% equity share. That means that the other 90% down only gets a 75% equity stake in the deal... basicall...
so every apartment deal if have looked at has considerable "deferred maintainance".Is there such a thing as a turn key "c" class property?Or, if it does not need considerable capex, is it then by definition a "B"?I ge...
Hi, a friend of mine recently told me that to get an FHA loan on a property, the property needs to be FHA approved. It is the first time I have heard of it, but I had been under the impression that as long I was qual...
Hello people of BiggerPockets, For the investors that have rented to students, have you noticed it's easier to rent a 1bed/1bath type room better than 2 students sharing the same bathroom? (Even if the price is lower)...
Hello all,
I recently purchased my first rental property in the form of a four unit apartment building. I've already made several improvements to the property including new gutters, french drainage system, some mode...
Hi guys,Will you please help me out? I have been thinking of doing this deal but not sure if I should do a subject 2 or how to structure it.Seller owes 35K to mortgage. Rents are 1.7K (owner pays heat, water/sewer/tra...
Hello,Looking to owner occupy a 3-4 unit multifamily and a lot of the homes I am looking at are all 90-100 year old. Plenty are wood frame and being that I'm in Tampa, Fl, I am hesitant (Hurricanes/termites). Some s...