John Baskin
Purchasing a pre-forclosed property from a motivated seller
I am meeting with a motivated seller tomorrow evening who has missed "one or two mortgage payments" but is not yet technically in foreclosure. He owes 30K on the note and wants me to purchase the home from him for so...
Gus Moreno
California Sub2 startup question
Greetings everyone,
First of all, I must say that I am very impressed with the amount of useful information that can be found on this site. I recently started reading and learning about RE investment specifically Su...
Sarah B.
Long term holds
Hi all,I've been flipping for the last few years here in Northern California, but im ready to shift some focus to long term holds. I have been looking into buying a couple SFR's around 30k-40k in the Tampa Bay Area. ...
Cristin Andrews
How to calculate deduction from deposit for carpet when installing vinyl to replace
Hi. My renters absolutely destroyed beyond regular wear and tear (playdoh ground into carpet and dog stains and rips) the carpet that I had installed in the unit just before they moved in. They were there 3 years. I w...
Zane Landeck
Investing with a partner
I have 30k in savings and poor W2 meaning its hard for me to pull a loan even though I have enough for a down payment. My friend is interested in investing with me on a house. He has good W2 income. Any strategies we ...
Michael King
Can the Bank Tell You Which Unit you Must Occupy
Good evening everyone.
I am in the process of purchasing a multi-family property. I plan to move into the property with my wife. The bank that is financing us wants us to provide proof of residence after we close....
Account Closed
Insurance, do I need more because I am renting to students.
Hi, I just wanted to make a step, even if that's reaching out to BiggerPockets podcast for the first time. I loved vacuum the truck. I'm thinking of moving in with a family member so I can rent out my current home two...
Josh Stack
Market CAP Rate - Gastonia, NC
Morning,Does anyone have any experience with the prevailing CAP rate for small multifamily in Gastonia? I've done a bit of googling and not found much. There are three properties for sale on LoopNet and it seems lik...
Jacob Morgner
Do you think this is a good deal?
Hi Everyone!
Looking for opinions and discussion.
Here is the description:
22 Units composed of 8 - 2/1.5 and 14 - 2/1
100% occupied
Monthly Income = 11k
Monthly expenses = 4k
Net Monthly Income = 7k
Annual Net Incom...
Danyel Tiefenbacher
Investor from Southern California
Hi!I own 5 SFR rentals (3 are Section 8) and also invest in Private Mortgage Notes looking to get into flips down the road.Thank you!Danyel T