I purchased a 6 unit apartment building on the south side of Chicago In January 2020 that I had to rehab, it is on a one year loan with an investor. Not only did I have bad tenants that I had to evict, but then came ...
Hey BP,
I'm a newer investor, house hack a duplex for 2 years and have had a 6 plex for a year. I have like $40k in reserves and access to my $50k HELOC. Debating purchasing another property, ideally another small mu...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Redstone.
Purchase price: $595,000
Cash invested: $300,000
Triplex on the river, with an office space rented to anchor ten...
So I know that reserves are very important for longterm rental investing, especially for BRRRR. I have about 10k in cash and about $70k in stocks and another $10k in crypto. Can I consider my stocks and my crypto as r...
Looking for feedback about the following scenario, thanks BP. Plan to sell an investment property and receive around $215k. I would like to use a 1031 exchange to leverage all of this money. I’m trying to get an under...
I am sure that there is a spectrum of risk that we could all chart ourselves on and therefore I am not looking for right or wrong answers to this but am curious: How much are you keeping in reserves for each of you...
The main strategy behind BRRRR as I understand it is if done correctly you can recover your original investment with a refi and go do it again (repeat).
When you analyze a property do you include your reserve fund (f...
Hi, I am a florida investor and interested in hearing about peoples experience finding (ideally nation wide, or fl in specific) lenders who extend commercial lines of credit based off property. I am trying to put toge...
Here's a link to an analysis of a recent US Supreme Court decision that might have far reaching affects. I suspect title insurers will begin to insert policy exceptions to remove coverage for losses related to it. I...
My goal in REI is financial freedom then retirement. I have one property now and am working on a second.But I was curious for those that are working towards financial freedom, how much should I keep in reserve per hou...