Hi All,I have what could be my first multi-family property under contract (a fourplex that cash flows decently well) and found a loan that offers 15% down for an investment-only (non-owner-occupied) property. The rate...
Apologies in advance for the lengthy post.On 1 January 2019 my wife and I owned our primary residence and a rental property a three hour drive from our primary residence. That is the last day I think I fully understo...
Hey BP,
Thanks to BiggerPockets I have recently made my first purchase. It’s a duplex where according to my numbers I will be able to live for free if the home is on a regular 30 year mortgage. I already have a grea...
Do you have to set a purchase price dollar amount in the lease option. Can you state that the purchase price would be the average price between two independent private fee appraisals done at a set point in the future...
Hey All!I am fairly new to the wholesaling market and am looking to grow my contact list of investors to wholesale to. I primarily work in the South Bay area of Los Angeles. With this post I am looking for investors o...
I have been researching and looking, and am finally feeling comfortable enough to pull the trigger on some properties. I have about 200K in wealth to my name. How much would you suggest investing in my first 2 units? ...
Just got this bad boy under contract. Here is the deal, see if you like it or hate it. I'll take all comers on this one.Property is on Gateway Drive in Albert Lea, MN, where I own 4 other properties. It is a side b...
Howdy - I'm here with another basic STR question as I jump into my first short term rental. I've searched the forums and seen support for Nest and Honeywell T5. What thermostat do you use and recommend? Thanks in adv...
So, Will Barnard suggests using a trust for wholesale transactions in the BP summit audio. He mentioned that he would be the trustee and the end buyer would be the beneficiary. This is the only place I have heard of...
For those of you who bid on HUD properties, i was wondering how do you know if it is a deal that is good enough to bid on? i assume you cannot enter these properties to access the damages/repairs, and even if you c...