Timothy Lon
Pittsburgh: Looking for either MFR Househack or SFR
Hello All,So I'm looking for some personal opinion, preferences, and insight.I'm beginning the search for my second property (first closes on 7/8 hopefully) and I would like to either use the FHA and 3.5% down route t...
Yin Wu
My Private Mortgage Lender doesn't send me the payoff statement
I have a first deed mortgage of $600k with a private person in CA. Loan term is 6 months, interest only at 5%, maturity on 7/1/20. First payment is due on 2/1/2020.
I've been DU approved for refinancing. Escrow and ...
Pete Sailhamer
Using Investors to Replace your Apartment Down Payment?
I've been investing in 1-4 unit investment buildings (buy and hold) and recently have begun to look into apartment complexes. After reading a lot about creative ways to fund the down payment by partnering with privat...
Andy Peck
Hardwood Flooring - Rehab Recommendations for Long Term Stability
Hey BP,I'm looking to close on a 3-plex (3 flat) in Chicago in the beginning of December and doing an FHA full 203k rehab of the property.One of the items we are upgrading for long term buy and hold stability is the f...
Nina Singh
How to approach a condo conversion for 2-unit new construction
I'm new to the BP community and excited to be here! I owe a 8500 sq ft lot in West Menlo Park. I plan to tear down the existing structure and build a duplex using a modular builder. I'm having trouble understanding th...
Michael Serrato
Flipping in Austin, Texas
Hello Fellow Central Texans and BP Community,I am relatively new in learning the niche of flipping. I have read several BP books to attain knowledge and education foundation of real estate. Likewise, I just moved to...
Tiffany J.
Breaking a lease in Illinois
Hello! Here's a scenario for you. Tenant signed a 12-month lease in Chicago at end of March 2021. Tenant needs to move out now on May 22nd because tenant bought a house out of state. The landlord requested that the te...
Michael Greenberg
Would you change your hosting if is happening?
The good of it, was free reign for STR's. The bad, was that the few are now ruining it for the many. City's are beginning to crack down heavily on STR's and Scottsdale is already enacting new ordinances, limiting th...
Sebastian Marroquin
8 unit property - Would this be a good deal?
What do you think? Good deal or a pass?
The numbers:
Seller wants $2 million dollars.
6 units are 1 bedroom and 1 bath and rents are under market by around $500 to $600 each.
There are 2 : 2 bedroom and 1 bath...
Fiza Ah
Adding Parking Middle of Lease
Hi BP Community: We've recently purchased a 4plex in South Carolina with inherited tenants. One of the tenants is late on rent and we're awaiting a court case for eviction (they are dragging their feet to try to stay ...