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Hello BP community! This is my first post and I'm also a newbie in real estate investing. I've been "sharpening my axe" for some years now and I finally took the step out of my comfort zone to begin my journey as an i...
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By the end of this year, my goal is to purchase a million dollar apartment building. I'll omit units and location for this question. I know I'd have to put down at least 25% which will be $250k. I'm putting up $150k a...
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Hello BP Community!
I found a duplex that I think is a stellar deal. I don’t have a down payment but really want to jump on it. I know a conventional mortgage is likely going to look for a 20% down payment. I do not...
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HelloI have bought seven units with 70% loan and now with higher prices, I can pay back my loan if I sell 3 units and this way I will have 4 units totally paid and available for cash refinance if real estate prices fa...
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Hey everyone,If you're able to purchase properties well below the appraised tax level, I highly recommend appealing to the county to have your property taxes lowered. It doesn't require much effort although it's a sl...
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What's the most creative way you've used - or know of someone else successfully using - to finance a property (in whole or in part), or some expense associated with it?
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Hey BP members, I could use some advice on how to approach a potential opportunity that recently presented itself to me. My brother-in-law’s girlfriend’s father owns 5 rental properties in my area (greater Charlotte, ...
Hi all!Looking for pros and cons as well as any additional foresight for the following scenario:We are looking into buying property and building a new construction. While the bank has no issue loaning me more money t...
This may be a bit long but I do appreciate any and all replies, TIA. I currently rent and need to move out of here. In about 2 years I will be retiring and most likely move south, out of state. My thought is I buy a...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $700,000
Cash invested: $30,000
The most creative deal I've put together with owner financing, low down paym...