Marina Wong
Special financing creates value
I am a first time investor in multi family. In the process of purchasing a multi family in Lowell, MA. The seller is financing at 15% down, 5% interest rate, 30 yrs amortization, 15 yr balloon payment. Due to this,...
Randall Kates
Do You Raise Rents Every Year? Why Or Why Not
I am thinking about raising rent on a year old rehab that I have a tenant paying $1200 monthly for! I am thinking of charging $1225. He is a Foreign Exchange student who is in his Sophmore year so I am thinking of upp...
Brian V.
Is it an insult to make an offer based on the income?
Hi, there is a 4-plex I'd like to buy. However the asking price is a rich $920,000. I figured out based on NOI, that if I put 3.5% down as an owner occupied FHA loan, that all I can afford to offer is $500,000. He pos...
Nadirah Dawson
Got my first wholesale deal! Now how to close it? Yikes!
Hello All,
So I found my first deal! Kept driving by this house that showed the signs and finally got the nerve to speak to the owner. He is an older man (so sweet) who just can't maintain the property anymore. Now h...
Brian Buckley
Thinking of self managing rehab property
I just met with three different sets of general contractors to get an idea on the costs associated with the rehab, and I wound up with three completely different estimates. Contractor A gave the property a good walk ...
Shawn Ward
New Flip Blog: We're Adding 1,055 SQFT: LA (Jefferson Park) Home
Hello BP Community! As many of you know, I created a blog for one of our recent flips in South Los Angeles with weekly updates. That flip was very successful as we completed the rehab in 11 weeks, had multiple offers ...
Jacob Casarez
How do I find out a bank's REO portfolio?
I heard on a podcast awhile back about an investor seeking out bank's REO portfolio's often from a bank officer or president. This is a strategy that I would like to look into for my next deal. What is the best way to...
Devin Marlowe
Advice on run-down 11-unit multifamily in affluent area
Hi everyone. I am new to the forum but I've been putting in a lot of time going through the posts and learning as much as I can about real estate investing. Ive been looking at a property close to where I live here in...
Nghi Le
S-Corp vs C-Corp
I've been talking to several investors, attorneys, and CPAs over the past 6 months about this, including Mark Kohler and Anderson Advisors (Clint Coons' company). I have yet to choose who I want to go with as my atto...
Bienes Raices
Do your applicants have trouble coming up with the move in monies?
I'm asking $995 first month's rent, + $795 security deposit, so total about $1800 to move in. I don't know if most tenants have this much cash available at once, and if I'm being reasonable (I did already make the dep...