Been researching multi-family properties in Newark NJ and Harrison NJ based on their proximity to mass transit (path train). Anyone have any experience in these areas. Any recommendations whats a good cap rate? NJ is...
Back Story: House hacking a duplex for the first time. Have an inherited tenant (who smokes!) paying under market rent and has inherited lease agreement ending at end of June. Tenant is very clean and does not bothe...
Hey all! What’s up BP! New to this, first post, gotta get feet wet, right!? No previous exp, learning all facets of these processes, super interested in Multi’s, my target and focus of learning. I’m evaluating deals, ...
I put and offer in on a Homepath home and the offer was accepted. The house was winterized and the basement looks like it has been flooded and all the drywall torn out. Now that the bank has accepted our offer they te...
I recently had a long-term (5.5 years) tenant move out. She was a fantastic tenant—always paid on time, easy to work with, and took good care of the property overall. She did move in two cats during her tenancy (with ...
I am based in San Diego and I am looking to invest in a market outside of my area. I would like to find a market that is (at least minimally) cash flow positive from the jump, but I am also very interested in apprecia...
Hello all,I'm still new to the forum and have been digesting a lot and am thankful for all you provide. Today I'm wondering how do you vet hard money lenders. Do you have a specific checklist you follow as you would...
The majority of our STR investors and vacation rental buyer clients ask or elect to close their acquisition in an LLC.
The primary determinant (beyond the tax implications) is whether the lender will underwrite and ...
Hi fellow BPers. I am looking for a recommendation for a company that does unsecured personal lines of credit to speed up my growth rate in my flipping business. I previously used a company for my first flip that use...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $25,000
Cash invested: $50,000
Sale price: $145,000
It was our first flip. It was a 1241 sq. ft. 2 bedroom, 2 b...