Chris Rosenberg
My first investment property. A 3 family house in the Bronx, NY.
Investment Info:
Back in 2016. Small multi-family (2-4 units) buy & hold investment in Bronx.
Purchase price: $560,000
Cash invested: $50,000
3 family house in the Bronx, NY. My first investmen...
Tony C.
Unable to refi condo unit b/c of sponsor rules. Workaround?
Hi BP,There's this condo unit in Manhattan, NYC that's having difficulty in a cash out refinance. Chase bank has denied the refi request due to the following reason (probably due to some Fannie rule):"As I had communi...
Fay Feng
Is it unethical practice?
Hello BP! This story was from my previous failed transaction. A potential short sale.10.27.18 - offer accepted11.20.18 - the day of scheduled closing, me and my agent was notified by seller’s agent few hours before cl...
Michael Campbell
What are your thoughts on this as an investment?
My brother and I just started REI recently and we've been hesitant to venture outside of a very narrow formula that we started with: particular city, particular side of town, price range, x, etc. So far it's been work...
Jean-Thierry Aleman
Should I get a HELOC?
Hey gang, we just bought a condo (not our primary residence) for 50k with cash. We did this so that we could make a stronger offer than our multiple competitors who were offering more $$s but with financing. In any...
Alex B.
Question on appliances in rental property
Hi Everyone,I have a question for the community. Do you usually rent out your properties with included refrigerator, or if the property does not have one, do you buy it for the tenants? There's a property I'm looking ...
Asif I.
Are you borrower with Renovo and having difficulties paying off
Hi, I have an investor friend of mine who is having difficulty paying-off his loan with Renovo. They are charging him 24% interest rate as he is in a default. I wanted to see if there are folks here who may have explo...
Carol Bloom
Which one would you invest in: Multi-family or student housing?
Hello!I'm Carol, I'm researching the student housing market, who has experience in this niche? Why invest in student housing over traditional larger multi-family units ? Is student housing investing only for the insti...
Salvatore Spano
Water and sewer in Cleveland
Hi all,
I am a new investor in the US, still considering the location of my first rental purchase. I have been reading extensively and had come to the conclusion that NE Ohio, and especially Cleveland, would be the b...
James Fife
Typical to take first payment?
I recently bought and rented my first rental investment property. I hired a property manager that my real estate agent recommended to me. I interviewed the property manager and it seemed like a good fit. The rental no...