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Let's say you have 5 properties that - due to economic and job market conditions in the area - only command enough rent to barely cover mortgages, insurance, and taxes. Nothing left over at all for maintenance, repa...
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Hello BP community,
Is it me or do the sky high valuations on homes seem similar to the run-up during 2006-2007? It seems like the market is due for a valuation correction, maybe relatively substantial (10-20%)? Eco...
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Since I get these questions a lot - I thought going out to the BP community to see what they think might be educational.As a private lender, I've discovered the term is very ambiguous and vague to borrowers. There are...
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First of all, I really do appreciate all the helpful guides and discussions on here to help educate a new REI such as myself.We can all invision the statement "It is better to purchase 5 properties at 20% down, and fi...
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My first Post:
I've read the other posts here and in other forums about JA which were mixed.
Heard of investors getting in hot water with the attorney general and sued through this IP method. His system has change...
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I put an offer in on my first deal on May 1st this year. My rate lock at 4.25% in the GFE expired on June 17th. After months of poor communication and performance on their end, I finally got final approval to close ...
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I'm a little worried about getting a buy and hold in a subdivision. Here in Charletston, SC, subdivisions are fairly common, as I imagine they are in most areas. I am a home inspector, and will soon have an infrare...
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Hello BP community, Some Background: Currently had an offer accepted on a Duplex in West Warwick, RI. Just did the inspections on Friday and found that there is almost definitely an underground storage tank (for heat...
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Currently have 8 units over two buildings and looking at a bigger acquisition. I found a great 36 unit complex spread over 3 buildings, great shape. Ideal price to acquire would be 1.7m, net profit of $156,000 per yea...