Wondering if anyone can help me with this. I got a tenant who didn't pay rent for 2 months and decided to skip town. He left the place in pretty bad shape, and it cost quite a bit to fix everything up. Needless to ...
I currently have a rental for college kids and am looking to expand to more/multi tenant. I am interested in the hard money loan idea. Easy money to get started, don't need to deal with a big bank etc. What are the b...
Hi BP community,Let me know whether you think this is a good deal. A 25 units MF property with 5.26% current CoC. My analysis shows that if I do rent increase and RUBS of water, I can bring the CoC to 11.35% and get 4...
Hey BP, was wondering what would be the purpose of using delayed finance ? You would have two closings.. why not just put down a down payment from the start?Thanks!Ryan
OK so looking to go ahead soon with my first residential property acquisition.
Going after a buy-and-hold strategy here.
A) I won't be qualifying for a bank loan until I can get 2 years income on the bo...
Hello BP members. I'm in the process of looking at properties for a BRRRR. One thing I've found is that my initial, subjective assessment of a good ARV winds up really not looking that great once I get to the end of...
Hello all,I'm considering making an offer for a house being sold "as-is." I'm aware this means the seller is not willing to pay for anything wrong with the house. My question is, if I find something I do not like abou...
Hi BP community. I rehabbed a house in Phoenix AZ. Great big corner lot, with big potential for additions. No HOA so it will be a good short term rental as is in a great central location, near Downtown. I am relocatin...
My husband and I have been property owners for 10 years, but primarily own single-family homes. We typically buy vacant, undervalued homes where we can create value buy remodeling the property, we then get it leased...
So I have a BRRR house that I purchase with cash, renovated and placed tenants. The seasoning period has passed and I am in process to begin cash out refinance. All in for 195k. My two options are to cash out refi for...