Account Closed
Conversion from townhome into 4-plex
I am hoping some of the more experience BP members can help me out with what I want to do. I currently own a rowhouse in Washington, DC. It is in the Columbia Heights neighborhood which has lots of rental demand and l...
Anthony Ryan
Preliminary Analysis. How to account for rehab costs.
As a real estate agent, I think it would be a good idea to run at least a preliminary analysis on as many multifamily properties found in the MLS in my target area (greater Buffalo NY area). My concern is, how do I ac...
Jonathan Marsh
Multi-Family Cap Rates
I'm actively looking for a multi-family property to buy. I'm particularly interested in the 4-10 unit size to start out. I have a few basic questions. When analyzing a multi family property, what are the main aspects ...
Mark Johnson
Should i get an expensive first rental property?
So, i am a recent college grad and just moved to Chicago. My girlfriend and I are going to be getting a condo hopefully by next year. I was lucky enough to find a good job after college and can possible afford a 100k ...
Micquel Bernier
First step to Wholesaling
I found a property for $84,900, after finding a property what is the next official step to wholesale this property?
Theresa Reynolds
How much to pay for a used mobile home!
Looking to buy a mobile home and put it on some land I am buying.I have my eyes on a 1983 fleet wood doublewide model. It seems in good condition but all the flooring has been torn out and it doesn’t have a furnace cu...
Sam White
Selling another landlords house for him
I have a friend who lives out of state and owns a college rental in Texas. I am a landlord and have my Texas Real Estate license. He has asked me to help him sell his house. My license is hung at the commercial brok...
Jon Quigley
Question regarding earnest money and hard money lending
Hello. Here's a basic but key question regarding the mechanics of a purchase agreement on a property needing improvements (i.e. flip). I'm new to flipping and have not built up a track record yet that could be lever...
Rachel Luoto
I took the leap this year! Now what?
Hello!In 2017 I took the leap and now have a live in flip (will wrap up in March), a triplex, and an air bnb (transition to regular rental in 2018). I'm ready to hand in my Newbie badge and do more deals.BP has lots o...
Cheryl Packham
Commercial lenders view on negative cash flow acquisition
Hello everyone,I am looking into a property that has 13 units total and due to bad management and deferred repairs and maintenance the units are cash flowing poorly. Based on the information sent over by the listing ...