Christine Smith
Investor for 4 unit multiplex
We have a VA loan we can use on a 4 until multiplex - we would have to live in one of the units. To purchase we’d need a down payment because the no down payment VA loans only cover up to a certain amount. Would inves...
Zane Britton
PA laws for raising rent?
I currently have a property(duplex) in central Pa under contract and the rents are a good amount below the average for that market. Are there any laws in Pa that say you need to give a certain times notice before rais...
Angie Anderson
ARM vs Fixed for cash flowing property
Hey BP fam, need some help/input. To ARM or not to ARM. I've read a bunch of Pros and Cons for going with an ARM or not. I'm under contract currently on a 4-plex for $345k. I've been offered 3.625% fixed or 2.75% 5/1 ...
Don Konipol
The WHY of Investing in Real Estate
IMO, the financial reasons for investing in real estate include 1- Asset Preservation2- Increase Wealth3- Current Income4- Tax MinimizationWhile these four are not mutually exclusive, the more you benefit in one area ...
Zachary Chart
Stage 4 cancer seller
I found a deal for a 4 unit investment property mixed used zoning. The property has 2 apartments, a small storefront currently used as a salon, and warehouse space in the rear of the property. The current owner has dr...
Shannon Moore
First Deal...Any Thoughts?
I have been reading all of your posts for the past few days and have decided to sign up to be a member. It seems as though many of you have a wealth of knowledge to offer. So here goes...
I have a letter of intent to...
David Pearson
New to Rental Property: Rent Increase Situation
Hi everyone,
My name is David and I purchased my first rental property last month, in the Chicago area. I am out of state and am doing business with a property manager over there. Things have been going smooth with t...
Joachim Lassen
Forced appriciation - How to improve your cashflow.
So I have bought my first 5 plex. And I would like some inspiration on how to improve cash flow. I will, however, try to make the thread as wide as possible, so that many people might find things that they can use. Th...
Michael Taylor
Transition from Old Landlord to New, How to raise rents?
I just signed an 8 unit under contract, it has 6 two bedrooms and 1 three bedroom apartment with one finished commercial property. On a scale of 1 to 10, the condition of this property is a 9 having already been reha...
Joel Douglass
Looking for Advice on Structuring a Deal
BP Family - long story short, I am working on trying to structure a deal on a 25 unit mobile home property. It's not a mobile home park. Each mobile home is on it's own separate piece of deeded land. The property is ...