Hi all! I recently cash purchased my neighbor's very run down rental home. After a 15yd dumpster was placed and filled, along with 3 trips to a friends burn pile ( 3 couches, end tables, ect) the house is now cleaned ...
If an older building I am trying to purchase has newer construction in neighborhood ie brand new massive apartment complex, is this something I should be worried about or something that will help me or can use to my a...
Hi BP family, We have a fixer-upper deal in Austin that we are looking at that is FSBO and off-market. We have a handshake on a purchase price. It'll be a primary residence and we'll be using a conventional loan. T...
I purchased a distressed property in the heart of the recession. After a substantial live-in rehab, I think the time to cash out is now. I need advice on wether I Should loan against the property or take the profit an...
Currently looking at a multi-family property in the Central Jersey area.
They are asking for $425k for the property.
It has 4 units (2 bd/1 ba)
Each unit can rent out for a minimum of $1200/month.
PROBLEM: Asbest...
The seller has requested a 21 day mortgage contingency on the offer that I originally proposed as a 30-day conventional loan. After speaking with multiple banks, obtaining that 21 day mortgage is slim to none. So, I...
Looking for advice on what type of funding to use on my first multi family. I have heard pros and cons for both avenues. Wondering if anyone has an opinion or personal experience they can lend to this topic.
I'm interested in hearing from folks who *made* the deal great. Now more than ever, I believe we smaller investors will have to make deals great by being more creative. Would you mind sharing what you did to make an...
Here is a brief look at what is on offer out there:
➡️ Agency loans as mentioned, such as by Freddie Mac and Fannie Mae. They usually last for 5 to 10 years and allow you to borrow up to 65% of the property's value. ...
I've read numerous posts about list sources and software all claiming to offer great information, almost all responses to these posts say nothing is accurate or offers any real opportunities, does anything really help...