Manco Snead
Build New vs Buy Old
Greetings BPers,Looking for some opinions on building new multi-families to hold as long term rentals and possibly live in one unit. The market where I would build: medium size town with median home price at $331K, av...
Jimmy O'Connor
A Halt on Gentrification in the Mansion
*I would encourage you to read the links below to be educated prior to reading/posting! Everyone is entitled to an opinion... but only the informed should share it!*
Link to the Legislation, PDF available to download...
Juan V Lopez
Acquired 2-unit pre-Coronavirus, should I push to rehab or wait?
Greetings BP fam – I acquired a 2-unit in Chicago in late February 2020 with the intent to BRRRR. Top-line numbers:• Purchase price: $45,000 cash• Rehab estimate from Project Manager & Contractor: $100,000• Conser...
Donna Stagman
No show no call contractor
Had storm damage got a contractor in he quit hired a sub contractor to finish he is about 75 to 80 percent done an he is a no show will take calls or texts I was forced to move in insuranxe no longer would pay his com...
Ben C.
Builders risk policy New Jersey
Hello,
Ballpark what is everyone who is flipping and doing major work paying on a monthly basis for a builders risk policy?
I am getting prices in the $250-$300 a month. Seems very high to me... thoughts?
Karen Ness
Looking for creative ideas
We are currently trying to buy a property in North Dakota which will be an investment property for us, but my mother-in-law will be living there. Our problem is, we have identified a property to buy but we are right i...
Jose Ortega
Buying a house one door next to a current demolished house
Hi, I am buying a row house tomorrow. I was not aware that the second house to the Left was going to be torn down, I discovered this when I drove by. Is there any recourse to stop the purchase without losing my deposi...
Mark Hua
Buying a second home and investment property 5 months apart
Hello all, we are considering purchasing two out of state properties. One will be our second home and the other will be an investment property. Both homes are new construction and the first one will be completed this ...
Rafael Go
Investment Property (4 unit) Line of Credit/Hard Money: ADU Build
Hello All, I am looking to build a 2 story ADU, 1,200 SF total in Los Angeles. Need to borrow $250k for construction of the ADU. Any recommendations for hard money lenders that will provide a loan for a 4 unit propert...
Jordan Moorhead
Minneapolis and Saint Paul pass rent control!
How will the newly passed rent control measures affect how you invest in the Minneapolis - Saint Paul area?