Gabby McNabb
How to fund my rehab project
So im currently in the market to purchase my first rental property. Initially I planned to purchase a multifamily home through FHA 203K to rehab home and build equity in home while providing low downpayment of 3.5%Now...
Tommy Ostendorf
Transfer Ownership to Child After 1031 Exchange
A family recently sold a duplex and purchased a new duplex using a 1031 exchange. They would like to transfer ownership of this new duplex to their son. Would this affect the validity of the 1031 exchange and theref...
Marisa R.
Turnkey versus Adding Value
I think about 6 months ago I would have said stay away from turnkey, however its still very much dependent on the price you pay for turnkey product.There are many turnkey operators in US that are charging way too much...
Thomas Richter
Sherman Bridge Experiences
Since Sherman Bridge is a Bigger Pockets featured lender, I thought I'd give them a try. I've been talking to them for about a month now. The project is a rehab and I was attracted to their 7.75% hard money loan. So a...
N/A N/A
re: Interest Only Loans
I recently attended a "Financial Planning" class at my job. Someone asked about the "Interest Only Loans". The instructor said "NO, NO NO". I was wondering why. He didn't get into it he just said it's only good if you...
Leon Lee
Cap rates for MF in small cities in Georgia
Hi, All
I am practicing analyzing MF deals in small cities in Georgia, such as Columbus, Macon, Griffin, etc.. These properties are mostly in B and C neighborhoods. What are reasonable cap rates I should plug in for ...
Jerry Poon
Out of State Investor Legal Documents
I made a couple contacts through this forum with out of staters who I might buy properties from. They offer turnkey products, which works for me because I don't want to have to deal with contractors to rehab them. I h...
Matthew Marcley
Don't Look!
BiggerPockets is awesome!My name is Matthew and I live here in Menifee, California. I am currently 27, and I have been working as a Diagnostic Medical Sonographer (Ultrasound) since I was 20. I reached a plateau in my...
Peace Lily
Asbestos on the siding - worth to buy?
Hi BO members,
I recently saw a multifamily house in a good neighborhood but it has asbestos on the siding. It will cost money for removal. I was just wondering if it is worth to go through this trouble of making the...
Shannon Phoenix
Turnkey REI in Chicago and Memphis recommendations
I'm highly interested in investing in Chicago, IL and Memphis, TN and looking into turnkey. Can anyone recommend any Turnkey REI or companies. Please leave recommendations.