Hey BP, For those who have rental properties. Would you ever advise renting your property to a friend? What are some potential downsides here? Please comment if you have any experience or advice. I have no plans to re...
This is my first contracted deal. Welcome to the game Bill!The following story involves a bank owned, 3 bed, 1 1/2 bath 1 car SFR ranch with full basement, 1200 sq. in the beautiful Poconos. Bank has held for well ove...
Cheers!
I'm a newbie researching a property—a 3 bdrm condo in a complex. I checked Zillow.com to get a comparison. Zillow says 2 bdrm properties in the same complex sold last year for about $40K less than t...
I was recently working with my investor to lock down a property in West Philly and his lender changed the rates since the "As-Is" appraisal came in 15k lower than purchase price of the property (the appraiser ignored ...
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I am looking at a tri-plex rented to students - typically 20, 21 and up years old.Asking $259,000. ARV about $300,000. Each is 4 bedroom, 3 bath. Includes Frig, stove, dishwasher, washer and dryer. All electric (n...
We don't have a pool. If you have added one to your existing Airbnb, did you see more demand? Were you able to increase your nightly rate? We are wondering if it will help: create more demand, esp in the summer mon...
Is it a good idea to use hard money for a first time investor? Or should get some deals under my belt before pursuing hard money lenders?
I'm in a position where I can using leverage over and over to buy more properties.There would be cash flow in my area because the properties are not expensive however they do not appreciate much and the cities around ...
I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the ...