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Hi all,Wanted to recap my first multi-family purchase experience. For my previous success story check out my other post on 5 SFR we currently own. My business partner and I have been looking at multifamily units since...
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So we're about to close on an 8-unit apartment building at $250K, no money down and seller-financed at 6%, 5-year term, 30-year amort. The plan was to fix it up, normalize rents, and refi out with a standard banknote ...
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I bought a 1400 sq ft 3 br 2 bath HUD home in late 2012 for ~$130k after closing costs in Puyallup WA on a 15 year fixed mortgage at 2.875% interest. (Why 15 year? Wife listens to Dave Ramsey and the difference was on...
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If a new investor has around 300k to begin acquiring rentals, would it be wise to buy the first property ALL cash, and then draw on a LOC from that first property to buy the second ALL cash. Or just begin to purchase...
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Hello all,
Although I am not new to BP, this is my first post. I am a real estate broker and a real estate investor. I run a traditional real estate team as well as buy, rehab and sell properties. Last year we bought...
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'Tis the season for CPA hunting. And every year there're dozens of repetitive threads on this forum asking/debating/complaining about the CPA charges. I will try to assemble all related questions in this one long post...
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Ok, so I've been skeptical for many, many years of hiring a PM. My main concerns were that a PM wouldn't care for my properties like I would, that I would pay exorbitant amounts for any kind of maintenance, and that t...
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Quick question BP folks,
My tenants lease is up as of November 1st, 2022 and I am contemplating selling the property: As of right now I could walk away 200kish tax free because I have lived in the property 2 out of ...