David Miller
My first ever BRRRR
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $84,400
Cash invested: $17,000
MLS property: (Duplex) 4 bed, 2 bath, 1,958 sqft
List price: $110,000
Initial...
Eli Shicker
How are Closing Costs / Attorney Fees covered?
Hi,When syndicating an apartment building, who typically covers the attorney fees and closing costs? Does the syndicator or is that a fee paid out by the investors?Thanks.Eli
Butch Cantz
Amount to spend on first deal
I know this is a question that doesn’t have a solid answer but as I am looking at properties online I am drawn to 2 different areas.... lower end homes that are <$110k and have renters in place around $850- $1000I ...
Varun Parkash
10/1 ARM better than 30 yr FHA? 550k & 315k property
Guys, I have a 30 year - 3.75% fixed rate loan on 550k property that I am thinking of refinancing it into a 10 year ARM. Currently the loan has completed 2 years. Property is now an investment property for which the o...
Jared Goodrich
Closing Costs in Ohio
Hello BP community! Been on the BP forums, and podcasts for awhile and finally decided to make my first post. I decided to pull the trigger on my first rental property. A Turnkey Property in Ohio. 90k home with 20% do...
Account Closed
Financing 4 duplexes as my first deal
Hello, I currently found a landlord in indiana that is trying to retire and offload 4x duplexes ( 8 doors total) as my first potential deal. It sounds like a pretty good deal to me if I can find a form of conventiona...
Prithvi Sri
How much value add is from raw land to land with approved plans?
There is a property of 8 acres costing around 3.5M (approx 10$ or less per sqft for the raw land). I am pitched by the developer that if we can get the approvals for 180k sft area warehouse on the plot (the land cost ...
Vilfreda Hoagland
Where to buy: city or small town
I'm ready to buy a rental property, but I keep flip flopping on where to focus. I live in Fort Worth and I'm looking close by so I can manage it. The issue is what's available near me is higher priced. I want somet...
O'brian R.
Refinance - too good to be true?
Hey BP nation:Here's my situation. I bought a Homepath SFH early this summer and have since rehabbed it and rented it out. At the time, we understood that the property offered the then 10% down Homepath program. Tur...
Micheas Marroquin
Bank Wants me to waive my right to get a hard copy of apraisal
Today I received a call from the bank. They want me to come to the bank in 2 hours to sign a document to waive my right to get a hard copy of the appraisal value of the property. I had received the letter 2 weeks ago ...