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...
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...
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...
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...
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...
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...
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...
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...
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...
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...