Brad Swaney
Recent Mortgage question
I recently purchased a condo for $32,500. This is a condo I am renting out. Bank asked for 20% down plus fee's. Rate is 6% for 5 years then adjustable after that on a 20 year loan. Just wondering if this is no...
Mahan Shahverdi
Best way to find value add apartment buildings!
What are best startegies you use to find apartment buildings that you can add value and resale?Thank you, Mahan ShahverdiDiven Real Estate Group
Chase Gu
Cost of converting a duplex to a quad?
Hi, I am looking into a big duplex and thinking about converting it to a quadplex. Before I ask for quotes from contractors, I want to know the ball park of the cost. 1. Unit 1 on the first floor: 3B 2B 2200 sq ft. I ...
Agustin Farias
Building additional unit in existing rental property
Hello BP community. We are from San Antonio TX and recently bought our first rental property, a duplex (both units rented) and the property has some land where we would like to build a 1/1 unit. We are brand new in ...
Ryan Hall
Any advice from a lender?
My rental property's post-hurricane-damage repair costs (beyond insurance payout) resulted in large expense deductions and an unusually low taxable income.
The loan originator reviewed my 2019 taxes, and said that d...
Nick G.
No lease in place on rent controlled unit?
Hi Everyone, Just looking for some feedback on this scenario from anyone that is familiar with rent controlled units in NY. Looking at a small multi-family in Brooklyn, most units are rent controlled. 1 unit is occupi...
Arthur Botting
How can I estimate what it the land is worth?
I found an ugly house on a lot a lot that's zoned R2. The house is a tear down but the upside is that 2 units can be built on the lot How do I estimate what I should offer the owner for the lot? How can I estima...
Fabian Enrique Mejia
How do you tell a tenant to leave?
I’m in the process of purchasing my first property. I need it to be a house hack and am coming across properties with a ton of potential but currently fully occupied. I am struggling with the idea of kicking someone o...
Dawal Limbachia
Does it make sense to buy a duplex using FHA loan and rent out 1?
Hello fellow investors. I am new to real estate and I had a question about buying a duplex. My current income range is low to moderate. There's a 90% chance that I can get qualify for FHA loan. Do you'll think it woul...
Tyler H.
Need creative ideas for a 9 Acre lot in Simi Valley W/ Views
I have listed an 8.9 Acre parcel in Simi Valley with amazing views over looking the valley. Its currently listed at only $450K, but I have not been able to connect with a developer who would entertain the project. The...