Michael Andrews
Offering private money loans using LOC on commercial property
I recently purchased a 12 unit building which came with a very high appraisal value at $95k over the purchase price (which I put 20% down on). I found a local lender that is willing to do a LOC at 80% LTV on the prop...
William F.
Can I talk to a contractor in the Rust Belt sometime tomorrow?
You guys are like sorcerers to me, and I have some questions on apartment building work in your area.
Things like:
1. What are some things specific to 'the North' that you see often?
2. How do I work with a contract...
David Lorenz
Is it legal to limit number of tenants residing in a unit?
Hi BP!I'm in the tenant screening process with my first rental (a duplex in Philly). The bottom unit is a 2 bedroom that's roughly 700ish sq ft. I would prefer to limit the number of tenants in that unit to 2 (1 per b...
John Cobb
Why do banks not like holding REOs
I have just read an article by Joshua about REOs and in it his last point is
'Note that lenders and banks do not like holding REOs on the books, and try to get rid of these as quickly as possible.'
Why is this and w...
John Tucker
Greek Economic Crash- How does that affect us? (Need Answer)
Hey BP!Now given, before you read this, I am no economic genius, and most likely even ignorant as far this goes, but I have some questions. So with that said, here you go.I've been watching and reading lately about Gr...
Kevin Degnan
First Flip Opportunity - unknown septic condition
Hi folks,I'm thinking of making an offer on an REO in Massachusetts (Middlesex County). This house has been on the market for a while, with a couple price drops. It's a 2 bedroom, 1 bathroom, 1000 square foot house,...
David Tower
Florida vs. Northeast
Hello BP,
I'm looking for some sagely advice. I'm still getting started and looking to break in to the wholesaling business very soon (also rehabbing and buy+hold).
I plan on wholesaling while keeping my 9-5 job a...
Jamie Brayton
Flooring- what would you do?
We are renovating a smaller unit that needs new flooring in the bedroom/living room (about 350 square feet of flooring). It currently has carpet. We were tempted to glue down vinyl plank (we had luck with pressure sen...
Amar Amar
No cash flow. Does it make sense ?
Hello All!I would like to know your thoughts/opinion.My wife and I are salaried employees. Our goal is to have a stable income stream 15 years down the line (we are in mid 40s) when we stop working. BRRR is not our cu...
Ashley Wilson
Multifamily Fire Sales?!?
Where are all of the deals everyone said were coming in multifamily?Over the past six months, numerous people talked and fantasized about all of the discounted deals that they planned to scoop up in multifamily. It wa...