Jeffrey Richard
Getting 2 paid off cash flowing properties- what next?
In a buyout I am receiving two cash flowing properties that are with section 8 tenants- currently cash flowing around 20K a year.They are worth about 200K total. I'm wondering what the next step should be. Refi? What...
Alan Langer
Creative financing...So many options..
Hi everybody!
I have this deal on my desk and i don't know what to do..
I'm working on a 2 family in a nice area (private seller).
The owner is a nice guy, he own the house free and clear and is open for some out of ...
Rob Price
Finding potential BRRRR properties
Hello, I’m looking to purchase a fixer-upper townhouse in the Baltimore area. My main question is how do you find properties that aren’t necessarily on the market? With the way the pricing for houses are so expensive ...
Jordan Santiago
How much value do you aim to add?
Hey BP,For those of you who are doing larger deals (50 units plus), how much value are you looking to add?How much are you looking to raise rents to make it worth it? (100? 200)How much are you aiming to increase the ...
Ryan D
Vacancy Rate & CAP Rate
I'm looking to purchase a duplex in an area not far from my home. Seeing as I'm somewhat familiar with the location, I know what rents should be. I also know of several websites such as "Rentometer" and "RentSlicer" w...
Leigh S.
Wondering if it's time to sell
I have a sweet little BRRR with a cash flow of $300/mo. The neighborhood it's in has come up in value tremendously. I've got $42k in it with a mortgage of $38k. Current comps suggest that I could get about 85k if I so...
Cole Puterbaugh
3-unit mfh severely underappraised
Under contract for a 3-unit mfr in Cleveland. My first purchase. Purchase price is 177K.Appraisal is 138K.I cannot make up the difference with cash since I'm already at the top end of my purchasing ability.Is ordering...
N/A N/A
Refinance questions
I have 2 properties to deal with here.
Property #1 - first house bought with FHA loan, ARM that adjusts every year (1% max), is currently at 5.875%, due to drop to 4.875 in a few months. 30 year mortgage that has 13 ...
Bryan Kelly
Hurricane Alley Buy and Hold
Is buying in a hurricane zone worth it? Is buying after a hurricane in a hurricane zone worth it. How does insurance come into play? Is the opportunity to purchase in these markets perceived as predatory?
Tony Hernandez
How to approach a seller who thinks their house is worth more than it is?
Hi all,I'm meeting with a seller today that I got through my direct marketing campaign. This is my first lead. On the phone he told me what he wanted to sell it for. He must be in a delusion because the house is worth...