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Lately, many 2-4 unit clients understandably ask me why prices are still going up with rate increases. I have sold 40 million seen a lot of 2-4's in Chicago and the answer is simple, supply has more impact in this nic...
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Hi guys! I’m still under contract to buy a property, and the plan was to create a studio apartment in the back of the house while the current tenant rides out their lease. However, the underwriters won’t approve the l...
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So I’m trying to understand then lending side of real estate. How many loans can you have under your name? Obviously investors with multiple properties have multiple mortgage loans. Do banks consider your cash flow as...
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My question is in regards to getting your offer accepted when trying to buy a house to flip. I have been a landlord since 2012; I'm up to four houses and a sixteen unit apartment complex. I live in the East Bay Area (...
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Well, I'm really spinning my wheels here. In the past couple weeks I've called 30+ small banks/credit unions trying to line up financing for purchase/rehab. A 100k line of credit would be ideal.
Of those 30+ banks I...
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Hi,I am selling 2 four-plexes . I got an offer but was asked for seller financing. I have never done a seller financing deal before. So, if the BP community can help me and share any advice/wisdom/gotchas to avoid....
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I'm so excited to be a part of this community! I've been following the podcasts for a while and started reading some of the books offered up by BP and am so eager to finally network with all of you, the ones that make...
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Will PCS to FE Warren in the next couple months. Three friends and myself were planning on living together in Fort Collins, CO and buying a house with the VA loan. We know the value of the VA loan and was wondering th...
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Hi everyone! I'm looking for some guidance regarding how to truly evaluate a BRRRR deal. I have a deal I'm evaluating that is an 11% CAP, $260/month cash flow with a cash outlay of $15k before I refinance. I plan to d...
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We have a multi-family property that we bought in 2019(it's our primary residence) with a private lender(family) 2.74%. 3bdx1.5br(fully renovated), 2bdx1br, converted studio garage(not permitted but fully renovated). ...