Jeromy Jordan
would you buy a duplex from a slumlord?
Hi BP Community,I think I found a good duplex to purchase for house hacking that works number wise. This will be my first investment so I am trying to make sure it goes well to set me up for future investments. I di...
Jennifer McElliott
Finding the Value on a Commercial Property?
Hi All,This will be my first foray into anything larger than a triplex - so I'm sorry if this is a dumb newbie question! I'm looking at a 6unit property that had appeared to be marketed to regular residential purchas...
Dave White
Capitol Hill Condo: should I stay or should I go?
First, I want to say how happy I am to have found such an active community concerned with real estate investing. It’s rather unfortunate that I didn’t know about BP when I bought my condo, but oh well, you don’t know ...
Brant Jones
Need Advice: Sell and Reinvest or Hold
I am looking for some advice on my next RE venture. I have a small 2/1 SFR in southern California that currently rents out for $1,295 per month with very stable tenants. The property is financed with a 30-year fixed n...
Lloyd Segal
Economic Update (Labor Day Edition)
Economic Update
(Labor Day Edition)
This crazy bizarre year will undoubtedly be remembered as one of the most challenging times of our lives. A worldwide pandemic, social distancing, facemasks, a recession, histori...
Waylon Smith
How accurate is the 2% Rule?
Hello everyone! I am reading "The Ultimate Beginners Guide" right now. Question for everyone. It gives a quick definition of the 2% rule (the rent should equal approx. 2% of the purchase price). I know this is not int...
Michael Fung
Is it too risky for a newbie to do a rehab rental home?
A run down house in a good neighborhood is for sale at $230K. It has already been reduced by $20K, but I think the renovation costs will be quite substantial given the list of things that need to be replaced inside a...
Josiah Mann
What is the best strategy for the coming Recession?
Hey everyone,My wife and I recently moved to Kansas City, KS and are partnering with investors to acquire multifamily properties in the area. We have an idea of what types of properties we want to go after and the num...
Andrew Kniffin
Help me structure creative-finance Offer Structure for 6-plex
All:I'd like your help in structuring a creative solution to buy a 6-plex that is physically in good shape, though financially it's a mess. Here are the details:"Ask" price is $299K, though Seller's Agent has suggest...
Carly M.
Duplex Misrepresented, Seller keeping Ernest Money Deposit Check
Question: My husband and I got a "duplex" in Twin Falls, Idaho under contract. We later found out after signing away the earnest money that the house was misrepresented. The egress windows did not meet city code. The ...