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Deal facts:1. Purchase price 925k on a triplex in Westchester County, NY2. Rental income in other 2 units is $4360. I can probably bump it to even $4500 between both.3. Basement can be converted into a 4th unit. Right...
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Hi all, I'm working on my first multifamily deal(s) for buy and hold properites in upstate New York (well, Hudson Valley, so "upstate" is relative) and though I was looking for one duplex, I found two on the same bloc...
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Hi BP I have been in closing for 2 months now and have run into some issues. First issue: After the inspection we found out that the main water source has lead pipe. After it was tested, which took weeks for the resul...
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Hello BP Forums and Happy Friday! I'm looking to complete my first deal soon. Following many recommendations in the BP podcast, for a first time investor, it sounds like owner financing can often times be the best rou...
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I just finished running the numbers on a 24 unit complex. Property has been on the market for over 200 days. Asking Price: $888,000Gross income: $114,692Tax: $9917Insurance: $7000Utilities: $19,324NOI: ($15,000)Occupa...
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I’m really considering on taking the HML route because for my short period of time investing the conventional, FHA, and etc seems to be losing to the cash buyers. I feel that if I get a hard money loan I’ll be able to...
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so here it is in a nutshell. In the subdivision where i currently live, there are two homes that are vacant. from what the neighbors told me, both homes were abandoned due to couples who went through a divorce. both a...
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My wife and I are contemplating on whether we should proceed with a contract we have on a house that would be our first investment rental property. Would love to know other investors thoughts on whether they would pro...
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Hello everyone I just sent out some mailers for properties on the Judicial Sale List this December. Got a call on Saturday for a house.
Quick background, the house is in an estate and there is no paperwork showing t...
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Brand New 3 Bedroom , 2 Bathroom, 2 Car Garage, 1445 SQ Feet under air Purchase Price is $131,900 Seller paying All Closing Cost , Plus 1 Year full Warranty...Rent in the Area ranges from 1,000 - 1,500 per month, base...