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Hello BP, so I'm 19yr old and I want to buy my first single family house quick!(like every starter). I'm saving but by looking at the pace, it looks like it'll take forever! So what can a 19/yr old do buy his first si...
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Greetings all, I am a new member to BP, former Naval officer living in the Atlanta area. My long term goals are to buy and hold commercial multi-family dwellings. I am being given an open door invite to shadow a prop...
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Does anyone have feedback or experience with this company? They say their documentation prep costs ($5k-$7k) about 1/3 the cost of having a regular attorney draft your documents. They use a computer that runs you thro...
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Hi everyone,
I was hoping to get another opinion on the below deal. It will be my first triplex purchase. In a really prime location in Rhode Island. On a country club, safe location, renovated 1st and second. Keep ...
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whats best way to buy larger apartment complex (50+ units)- is 25% down standard ? is it same for 1031 exchange scenario?- how to shop for lender / best possible rate / no pre payment penalty etc
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Hi everyone, I currently own 2 rentals under my corporation. My mother let me use some of her line of credit to purchase both properties. One house I borrowed 80k and another I borrowed 30k. The interest on the credit...
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Hey BP!We are purchasing a mobile home park in a community of about 16,000 people. There are several smaller towns along the outskirts that have a few thousand people in each. The closest large metro are is about 2 ho...
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Hi everyone,Is anyone familiar with the self-sufficiency test on FHAs with respect to buying a multi-family? I was told that it's a recent-ish provision that has made several FHA loans fall through. Apparently, 75% of...
aka I've got cold feet.....SFH in pre-forclosure, not bank-ownedOwner is asking 55KRoof is newer, foundation and house are in good shape. Needs a huge cleanup - see my cat pee post - and everything needs to be painted...
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AllI am starting to explore the idea of buying a house, living in it and flipping it a year later. I have a friend who said he would be willing to live in a construction zone and pay a small amount of rent. This wou...