I've identified a promising opportunity: a 40-unit multifamily asset with significant value-add potential. The seller is seeking $3.5M with an assumable loan. Key details:
- Existing debt: $2,038,000 at 3.8% with 7 y...
Hey BP!! I am trying to get into a deal right now as a newbie but need some advice/suggestions from all you experienced members, I would really appreciate it please. I am in talks with my landlords right now to buy th...
I interviewed a perspective tenant who is a police officer. Her credit is really, really bad, but she said it was because her identity was stolen. Is there any way to verify that?
thanks
doreen
We are selling 2 lots of land and would be open to do seller financing for one of them. We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to ...
We recently had a potential tenant ask about rent to own. Never having done that, we have questions about how it works and the best way to structure it for our benefit. If I understand the little I have read about the...
I always try to mentally prepare buyers about two things that they shouldn’t forget when negotiating a deal: the first is that the negotiation can happen in more than two rounds so they shouldn’t expect a successf...
Still in search of that first deal. Failed attempt #1 was pursued with a letter of intent which I sent to the address on file at the assessor's office. Through my carpentry abilities, I articulated well and made it kn...
Hello. This is my first post on BP, and I have a couple questions for anyone who's a CPA, or has had a similar experience. I just sold my primary residence, I used the profits to pay all my credit card and other debt ...
There's all these formulas for calculating expenses and backing in to cashflow, right? How do you guys manage this operationally? In reality, rent will hit your bank account, but it doesn't separate itself into specif...