Want to turn your rental property into a cash-flowing machine? What about boosting your property’s equity by tens or hundreds of thousands? The “value-add” strategy can do all this and more, but you’ll need to know th...
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Hi guys,My primary residence now is in FHA, and I was thinking of selling it or refinancing it.How soon can I qualify for another FHA after refi/sinning current FHA?If I want to get a primary residence rate on an new...
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Hi BP Community,
What are your thoughts on short sales and offering slightly below asking price? Also, I'm not sure whether I have the endurance for a short sale, but the potential property is a seeming good deal for...
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Hi Indy Investors, I have a set of investors looking to purchase plots of land for $20,000 - $50,000 and build 3 bedroom, 2 bathroom homes. I'm looking to be all in at $125,000 (including land) and sell these houses f...
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My situation:
* bought a SFH for $250k as my primary in Portland, OR in 2002* moved to LA in 2006 and turned it into a rental (the home is still in my name, not an LLC)* been renting in LA since my move* want to purc...
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I’ve saved $100K in preparation for my purchase as a REI. I’ve decided I want to specialize in Multi-Family/ apartment bldgs. Would you blow it all on 1 purchase? Would you buy multiple properties? Would you spend the...
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Hi, trying to figure out logistically how to go about this plan. We wanted to sell one of our rental property in a HCOL area that’s about $1mil into multiple cash flow properties in out of state that is in the range o...
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I'm in the middle of pulling out equity from one investment property (HELOC or 2nd mortgage, whichever gives me the best rates and LTV) and then using that money to put a downpayment on a second property, thereby need...
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Hello!
I am new to BPs, wished I would have signed up earlier! I started my real estate journey in 2005 with the first property being in Austin (more below). I have other properties in AZ, which I do not directly m...
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Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $904,000
Cash invested: $207,000
Sale price: $1,265,000
Project IRR (without fees) - 97.81%
Equity...