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I am looking for some advice or feedback on how to go about setting up our rentals to be managed from a distance. I recently got a job offer that was too tough to turn down, so we are looking at moving in the next yea...
Hello, I started on my real estate path this year. Since June, I have purchased 5 buildings (7 units), all purchased with a HELOC that I have on my own residence. Today that rate is at 5% (up from 4.5% when I opened i...
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Hello BP,Currently resolving why my profile picture options are always slanted, but other than that excited to be apart of BP. Spent quite a bit of time reading discussions before I joined and am glad I did.I'm curre...
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A tenant in one of my duplexes moved out under the cover of darkness late June. She was an inherited tenant when I bought the place in 2015. Always paid rent but had a dark side. Son with serious anger issues who had ...
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Hello,
I am acquiring a 6 unit multi-family property. My first one!! What is the most effective option for new landlords? Coin Laundry service? Owner Operated or 3rd party? I don't want to deal with on-going srevice ...
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Hey everyone!I'm new to BP and just stumbled upon this site online the other day while I was doing some research. I started reading some of the forums and was blown away but the amount of information on here so I dec...
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Hello everyone! I'm a newbie to the real estate investing game, and very excited I found BiggerPockets! I've spent the last several months researching, reading and increasing my education before getting started. I liv...
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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Cash invested: $577,000
Ten units each spacious one BRs near me in same town.
What made you interested in investing in t...
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Hello BP,We are purchasing a new property, should be closing April 3. One lease is up May 1, there are 3 tenants but only one wishes to stay. She wants to move in her mom and sister. I am happy to let them apply an...
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Here's my situation
I've spoken with three different lenders but seem to be getting a lot of conflicting answers this year with covid and everything.
1. Some have told me Fannie Mae requires 15% down on MFH and does...