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I'm a long-term buy and hold guy. I bought a triplex about three years ago which was one of the smartest moves I have ever made. It was almost a turn-key and has increased in value significantly (thank you path of pro...
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Hello BP Community,Please take a look at this property to see if I’m on the right track. It would be a flip if I pursued it. Based on nearby home values, the ARV on this property could be up to $165k. The screensho...
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Saw this duplex on the MLS Purchase price: $59,900Down payment: $11,980Annual Debt: $2875 (@6%)Rent : $1010 (fully occupied)Expenses: $4638 (10% PM ; 5% each for vacancy, repairs & Capex + insurance & tax)Cash...
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3 bed , 1 bath , attached garage , nice fenced in back yard with a little over 1,000 sqft.
The seller is very motivated and says she's wanting 20k or less. Very good rapport with seller so far.
After l...
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just received a call from a seller who informed me that he wants to sell but the property had over 100k in violations unpermitted work he had done on the property. It's this a run situation or can it be worked out? T...
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Hi. I have a potential lease option deal in north Florida, but I am not sure if this makes sense. The house was built in late 1980s, 2300 sqft, 3/2 with a water view (not water front). The seller is asking $325,000 ...
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so here is my 1st deal, please let me know your thoughts.4 unit multi, 3, 2 bedroom 1 bath apartments that currently rent for $600, and a detached 3 bed 2 bath SFH that is rented for $985.There is coin op laundry on g...
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I'm just starting out. Is this an ok deal? If yes why? If no why? (Everyone evaluates differently)4 Units - Section 8 (S8) Approved - 2 Unit with Section 8 tenants and 2 Regular tenants. All occupied.On my Initial vis...
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Hello BP,
Okay here's the scenario. You have a deal in front of you. It's a base hit deal that cash flows and could turned into a triple but with one small caveat. The only financing available to you, comes with a pa...
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Greetings,The deal (Triplex, 3-unit) VA financed loan (no money down!)purchase price- $400,000 @3.375%property tax- $1200 AnnualInsurance- $1000-1200 AnnualUtilities $3600 (water only) Annualother cost ($200) Annualva...