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I've presented a plan to my Wells Fargo lender to purchase one Duplex and two 4-plex in the next 12 months. The meeting went fine and they pre-approved my plan. Here's what I learned though about financing in Texas:...
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I'd like to invest in an out-of-state property (since the ROI is attractive) but since I'm working in my full time job I don't have time (=rat race) to go down to see the property, so I had a creative idea to hire weg...
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I've been presented with an unique opportunity that sounds too good to be true. I'd appreciate if anyone could offer some input. I met with an investor at a property he owns free and clear. He bought it the first week...
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Hi! My name is Richard and I am looking to get into wholesaling as a way to bootstrap my investing business. I have a question: when I make an offer on a property with an assign, should I be having an agent put in tha...
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I’ve had two dealings with wholesalers the past month since I’ve gotten back into investing and both times it didn’t seem to be a good deal. In fact, I purchased a better deal two weeks ago straight from the MLS. Th...
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Where I live in California, it is not uncommon for homes to have unpermitted additions. This is primarily due to the slow and cumbersome permit process and high permit fees. During the 2006 bubble, appraisers used the...
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Hey, everyone! Hope you're all doing well. I'm currently in the process of aquiring a $700,000 property that is need of around $150,000 in rehab. My 203k loan will be roughly $850,000. This would be my first real esta...
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Dear BP - I am looking for guidance on redeveloping a property in Linden, NJ. I want to raze the existing structure, subdivide the property into 2, and build a new duplex, which has been done to numerous properties i...
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Happy Friday,
Hope others are enjoying a nice night doing taxes as well. I purchased a 6 unit property (quadplex + 2 single family houses) this summer. It is zoned mixed use - residential & commercial. I p...
BP Community:
I am fairly new to BP, sorry if this is a basic question.
I recently listened to BP podcast episode 336 interview with @Robert Jones, and fell in love with his "owner occupied to rental" strategy of ta...