Patnaree Conrad
401k withdrawal for REI
Hi I am new and still learning about REI, I have been listen to BP podcast for a couple months and I think it is time For me to do an Action. My case, I want to do long term rental ( at least to start) so I dont have...
Armando Payano
Value add multifamily / Post renovation refinance.
Need your help BP,Analyzing the potential refinancing results of a value add multifamily property. Purchase price $1,000,000Units: 20Average market cap rate 6%The apartments appraised at $1,050,00 using an income appr...
Mark Walker
Help with Acquisition Value for MHP
Looking at a MHP/SS property. I'm familiar with how to value the SS. Could someone suggest a value for the MMHP? I've searched forums and can't find good answer.
32 Units 18 POH ave rent $950 14 lots rented at $45...
Sebastian Sovero
Non-Disclosure by Seller and by HOA during Escrow. Is my deposit at risk?
Hi, I'm in the process of purchasing a condo. My escrow and inspection period are over, closing in two weeks. Deal: Purchasing property for full asking, and also agreed to pay $13.5K due to association for concrete re...
Bryan Hancock
The Second Million Is Easier
I read this article today on Investopedia:Why The First $1 Million Is The HardestA couple of points in the article stood out to me and I figured some folks on BP may have some opinions about them:1. Extra Wealth Mean...
Pat L.
Interesting Scenario
Our 401(k) solo holds a 50% 1st position note on an investors rental SFH.
We are taking it back DIL for mtg arrears. With a little rehab it will sell for a good $25-$30k above the balance owed.
My TAX i...
Jordan Black
Property Line in the middle of House
Today while searching for new properties in my area I ran across a home that looked to be in the middle of a re-model. It was purchased a year prior at $85,000 and now listed for $34,000, so it grabbed my attention. I...
Account Closed
Deed Fraud on the Rise, via WSJ
Good article from WSJ about deed fraud on the rise. Seems some folks think buying the house is too much trouble, so they're forging the documents and selling it without buyers knowing it.http://www.wsj.com/articles/la...
Account Closed
Property managers allowed unsupervised showings, resulting in theft
Hello! After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management. I understand that it's unrealistic to expect anyone to treat your property with ...
Alex Park
New Member in SE Michigan. Hello!
Hi everyone!My name is Alex and I am a prospective investor looking to get into the rental market. I've been reading day and night on this subject since I have become interested, have taken a look at the UBG here on ...