Hi, I'm a first time REI who just recently bought a multi family in Boston, MA.
I listed a vacant 2 bed, 1 bath unit for $2,450 ($1,225 per room). I have one strong candidate who is really interested and wants to mo...
I am rehabbing a home who's owner is related to my wife. Me and my wife are going to rehab the home and when sold the home owners will get 80,000 (to pay off their mortgage) and we will receive the rest of the profit....
I have found 2 multi family houses that I am interested in putting offers in for. I know it is highly unlikely, but what contingencies should I include in case both are accepted? I can only afford one or the other bu...
Hey all,I am about to close on a condo that has a tenant in place as of 2/20/19. The previous owner hired Realty Executives to manage the property and they filled out the lease with the current tenant. Since I have to...
I have been sitting on this house for awhile, just renting it out - waiting for the IRS lien to clear out next year. Here is the situation:
1. The county foreclosed on the property as the taxes were unpaid for severa...
My wife and I purchased a home for $75,000 two months ago. We put $10,000 into a renovation and the appraisal is now $115,000 giving us $25,000 invested (with down payment) and the ability to refinance out $32,000 in...
Looking for some advice on a tough situation I got myself into. My wife’s step mom owns her own brokerage and I have been working with her on finding a property to house hack. Recently my wife’s best friend’s husband ...
Hey BP! My wife and I are looking at a possible duplex (ideally to househack the smaller unit). This is a rough sketch of the layout, not accurate to scale but pretty close... The bottom unit (in the sketch) has a wei...
I’m the executor of my mother's estate, which includes an old farm house. The house is about 10 miles away from me - so I don't think the purchase could be considered a second property (vs. investment property). I’m...
I purchased a SF home out of state and wanted to implement BRRRR strategy. I purchased this property through a wholesaler. That did not go well as I was hoped. Couple of the BP member asked me to write about my experi...