Alex Polonsky
Duplex analysis - 2 units with potential studio in back
Hello everyone. I am looking for some constructive feedback regarding analysis of my first duplex property, it has a potential studio in the back that has been factored into the monthly rental for $500. I have to go i...
Michael Glaser
Bank Qualifying Letter: REO Properties
I have a few REO properties I'm going to be putting offers in on tomorrow. I'll be getting some qualifying letters from the bank I work with on each. My question is, for negotiation purposes, is it best to get a quali...
Darius Nunez
Out of state investing
Where is your favorite cashflow market located and why?Is it the team you created? The number of SMF properties available? Less competitive? 2% rule is found in abundance? Etc
Scott Golembiewski
Need help quickly on mortgage advice
I finally got an accepted offer on a home and had a preapproval on a VA loan but found out today that my score is one point below the minimum. Can’t believe this happened.
They suggested i make a payment on one of m...
Sean Yan
Investment property in ELK, Roseville or Rocklin
I have been reading this forum for a while, and read a couple of posts that people talk about ELK market (and I have visited that town a couple of times during weekend).But I saw Rocklin is definitely another ‘suburb’...
Benjamin Sulka
Lending Question for Consecutive House Hacking
Wanted to get some perspective from lenders and investors.
My goal is to house hack consecutive years to accumulate units with relatively low money into the deal. I've heard from some lenders/investors that you need ...
Frankie Baca
Off market REO question
Hello all,I'm new to the game and trying to understand how to find good deals in Las Vegas and Henderson for fix and flips. I currently have my agent sending me MLS listings but as stated in the Las Vegas sub forum an...
Colin Leach
Understanding the 1% rule
I have read posts and listened to the podcasts and they discuss the 1% rule which I understand is a rule of thumb. I see this small duplex (1 bed/1 bath each side) listed for 70k. It is rented out right now at $450 pe...
Justin C.
Frugal lessons learned while renovating a 100yr old house
I am about 90% complete on renovating a 100 year old SFH and have learned several ways to be frugal which I will carry into the renovation of my second property. I thought the BP community would gain from my experienc...
Ramon Purifoy
Duplex Purchase Question
I've got a potential deal that I would like to get your opinion on.I'm negotiating with an off-market seller for a Duplex I intend to keep for a rental in a market the is relatively hot for SFR and doesn't usually off...