I closed on my first investment property in Indianapolis last month and got my first check a few days ago. Thanks to BP I am now a real estate investor! I got the property through a Turn key company run by a BP memb...
Hello,Purchased a property from the county auction, comes to find out i paid off the HOA foreclosure. there was a mortgage attached. I am in talks with the lender (Wells Fargo) to satisfy this payment. If i satisfy it...
Hi,
I'm about to get into contract with my small building in NYC and will be attempting to do a 10-31 exchange. In this, I'm going to have to replicate 1.5mm dollars in financing with the newly exchanged proper...
Hey BP folks,
I know there is a TON of info on here regarding syndications, and it has all been invaluable advice.
That said, and as the title suggests, I am still trying to figure out if a PPM is needed if the fun...
Hi BP,I am a senior architect with 16 years of experience with high rise residential design. I gut rehabbed a couple properties (designed and built) with my own resources, but considering this route for investing furt...
I am running some numbers on duplexes (2bd each unit) in Columbus, OH and cash flow comes out around 200 or so total. Even though the CoC return is around 5 %, would you consider this number a good one? What would y...
I'm wondering if anyone has experience with VA loans and the 1 year residency requirement before you can use the home as a rental. I'm looking into assuming VA loans with very low interest rates to be used as rentals...
I am working on a lease option deal on a multi-family where the seller wants to keep all accounting functions with them. They want to collect rents, pay necessary bills, take out lease payments (which would make the u...
Hi all, hoping to get more insights on this to help out a friend. So my friend helped somebody get an apartment by putting himself on the lease (super duper mistake!!), and that person who actualy lived there stopped ...
I have a property in a 1031 exchange. I am looking to purchase my second property, satisfy my exchange, and bring in other investors because the second purchase is much larger than what I have in the QI. Is there a wa...