Jack Plantin
Too risky to convert and rent out illegal basement unit?
I'm in the middle of an deal for a legal two-flat in Chicago with FHA financing, but the numbers only work if I convert the basement into a livable space. FHA loan + expenses is $3000, Rental income with 2 units is $3...
Chan K.
Section 8 - Failures
Hello Landlord,
I have a question regarding section 8 tenant.
I have been having this section 8 tenant for a few years now. The inspection occurred annually every year. Then, the inspection failed every year 4-5 ite...
Nghi Le
Unplanned New Build - 2.5 Years of Headache
Now this is the story all about howOur flip got turned all upside downAnd we'd like to take a minute just sit right thereWe'll tell you how we lost $60k on a $1.25M flip-turned-new-construction that took 2.5 yearsOur ...
Sean Youngberg
Cashout ReFi options for 1st flip that is not selling
I'm having quite the learning experience on my first "deal". Purchased an old SFH REO for rehab and flip. I used a portfolio lender that provided a "construction" loan with interest-only during the rehab which has now...
Account Closed
Hotel Valuation: Price-to-Sales, Coke Can & Room Rate multiplier
So apparently The Coke Can Multiplier is some sort of a hotel valuation technique that can drastically send the wrong message about the value of a property. Do hotel owners really use this to buy and sell property? Th...
Sean Kollee
inner city duplex part 1-4
OK, Im going to run through a project here in its painful entirety - start to finish. I will figure out if I can post here efficiently so it is easy to follow along, text, images etc. I have all the material on my we...
Nick Louie
Househacking in the mean streets of Fordham, Bronx worth it?
Hi BPs Community,I'm looking to house hack with FHA 3.5% in NYC. Obviously, with PMI, house hacking with 3.5% in Brooklyn or Queens most likely means I won't cash flow until I pay off 20% of the mortgage + move out in...
Account Closed
Senior Housing
Has anyone ventured in the area of senior housing? I've seen a few deals but I noticed the rents are restricted and most of the mortgages are assumable. Has anyone done any of these deals? Anything to look out for?
Kevin Ferguson
Apartment Syndicating - Deal Sponsor or Passive?
I just came back from the R2R event hosted by Brad Sumrok - The event was great and I got to meet tons of successful people who are doing syndications. My question is should you invest in a passive deal first or jump ...
Patrick Flanagan
Traveling nurse rentals
I’m looking to connect with a few people that rent out units to traveling nurses. I have a 4 plex about 5 mins away from a hospital where I just had my baby girl!! But I was curious what things I should be aware of wh...