Dylan Mabin
Initial Investment on Multifamily
Hello all!
I plan on purchasing my first rental property soon, which will be multifamily (4 units). I am going to house hack and stay in one unit. Therefore I planned on taking advantage of the FHA loan. However, if...
Fran Arti
Buying all cash and then finance
Yesterday a somebody told me that he could have bought an apartment building in my city during the lockdown with almost 30% discount because the buyer needed liquidity urgently. This rose up a question in my head. I t...
Thomas Burnett
Working to Learn (Best strategy to learn while earning)
Hello BP Community!I am a brand new investor with no experience and haven't done any deals yet. I have been doing tons and tons of research along with reaching out to network over the last 6 months or so and have come...
Daniel C.
Cash reserves vs. line of credit availability
Hi BP community. I'm a buy-and-hold investor with a nice little portfolio (16 units) of cash-flowing properties. Was chatting with a friend recently about how my return on equity is a little bit less than what I ori...
Paul Schanbacher
New member from Central Illinois (Champaign)
Hello everyone! I just thought it appropriate to make an introduction for myself. It has been a while since I have frequented any forums and I look forward to engaging and meeting some new people through this forum!My...
Brianna Babienco
Tax advantage for property purchase
How do you figure out how much money you’ll save on your taxes by purchasing an investment property? Or how do you calculate tax advantage?
Say (very hypothetically😂) I had an income of 400,000 and I bought a $100,...
Ken P.
Personnel costs for onsite management and maintenance
For a hypothetical complex of 150 units, what are some ranges for personnel costs in the Midwest for the onsite office manager and maintenance person or people? That is, when I'm penciling in personnel costs in a spr...
Patrick Desjardins
SSN Issue
Hey guys,I have a file where the SSN that was provided to us returns an invalid credit report. The note seller is out of business (no surprise). We don't have the original loan docs in the collateral.Inside the collat...
Aaron Fakerson
Auctions / Auction.com anyone with experience to answer questions
I am watching auctions on Auction.com in my area. I am thinking of bidding, but I have not bought these type of auction properties before (only familiar with HUD homes). What are some of the issues to look out for (...
Steve Hillen
Countrywide Vote on Merger to End Mortgage Era
June 24, 2008 12:39 PM ET
BANGALORE (Reuters) - Countrywide Financial Corp shareholders vote on Wednesday to approve the largest U.S. mortgage lender's purchase by Bank of America Corp, marking the demise of the comp...