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BL: Purchased HUD property Dec 2013 for $32k, rehab costs and expenses were$34k. thats 66k cash of my own money in the deal. The good thing is that I dont have any holding costs other than utilities and property taxes...
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Hey BP community looking for some insight here. I've been trying to get bids for some work on a newly acquired triplex, and recently guy response back from one of the contractors that kind of took me back. Not sure if...
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Well, as the title says I am going to try an build a fourplex. And its my first deal. This will be my diary. Come hell or high water, you will have a front row seat.Before we get into the deal, understand that I am go...
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I’m looking at a great deal in a not great neighborhood. Not great as in lower income, higher crime, and from what I can tell driving through, mostly African American neighborhood. Should I avoid this area all togethe...
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I have tried to figure this out but I get lost in the details. I have a couple of houses that I have had for over 10 years and a couple for only a few. I'm trying to figure out if its worth keeping them that long or...
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Hi all, Context: Out of state investor (living in california, there's no way I can afford to invest here)Made an offer, got it accepted. Second time this has happened and again, paid for an inspection only to find big...
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Hey everyone! So I'm just starting out in REI (and by just starting out, I mean I'm looking for my first deal). I'm focusing on buy and hold multifamily investing. I've heard great things about getting a mentor to r...
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Last week, I closed on a triplex and my portfolio hit 25 units, and I wanted to share what I've learned in the hope that it may help some investors who are starting out (both young and old). This deal:Purchase Price: ...
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This discussion was cropping up in another thread about a different topic, and I wanted to hear more feedback from other members about what they prefer. As a primer, I am going quote @Rich Weese contributed as I find ...
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I'm one year into being a landlord, and I loved it for about the first six months--in spite of numerous challenges. I could handle it! My motto was "Nothing's gonna stop this cowgirl!" I rode high in that saddle.But t...