Richard Canchola
Cash out Refi before or after remodel?
I own a property that is 2 houses on 1 lot. My family lives in 1 and I finished rehabbing the rental in the first 6 months and have been renting it out while rehabbing the 2nd. I plan to completely overhaul the kitche...
Tim Jones
Was this a good recovery from a bad mistake?
Hello BP!Looking for a little feedback on my first REI deal.Background: Joined BP last year, read a lot of books, and listened to all the podcasts. Got my wife involved (she's the smart one) and we got a HELOC on our ...
Michael F
Found A Good Deal. Need Help
Hi there ok
I found a motivated seller
The reason she selling it is because of pending bank foreclosure
Asking Price is $465,000
Market Value is $571,000
Here Some More Info:
Style: Brownstone
Exterio...
Dan Voykin
Converting a 4-plex into an 8 unit, does this make $$ sense?
This is the breakdown of the deal:1. I own a 4-plex (2-1 story duplexes side by side) with a-lot of equity.2. Get a Heloc on my property for a deposit to get construction financing3. Apply for a construction loan to b...
Brenden M.
Options for financing multiple units (4) on multiple parcels (6)
Hi everyone. Currently looking at a property for a STR investment in North Carolina. The subject property is 4 standalone buildings spread across 6 different parcels of land (3 parcels contain the 4 buildings, and the...
Jon Ankenbauer
Best Way To Transfer Land From a Family Member
My wife and I are looking to purchase a piece of vacant land from her parents. My in-laws own the property free and clear and it is part of 3 contiguous lots that they own (they live on 1 lot and there is another lot...
Ben Bakhshi
Advice: Bank sold us one property, with two houses on it, already 2 parcels, but 1 address on the deed.
Has this happened to anyone else?We bought a Freddie Mac foreclosure recently for under $50,000. We assumed we were buying 1 house on 1 lot. I didn't pay special attention to the warranty deed at the time of the purch...
Samantha Miller
New Construction Financing On Land You Already Own
Hey BP,I recently purchased a small vacant lot in Philadelphia. I am now considering building a triplex (3 unit) on the lot, so I would need a loan for the construction costs. For any lenders or experienced builders o...
Tim Jones
Looking for feedback from the pros
Hello BP!Looking for a little feedback on my first REI deal.Background:Joined BP last year, read a lot of books, and listened to all the podcasts. Got my wife involved (she's the smart one) and we got a HELOC on our h...
Jean M.
wilkes barre owner financing
Hello everyone! I just wanted to discuss a seller finance 3 unit im getting ready to sign a contract for. Ok so its 5 sisters who lost their mom 2 years ago and they finally decided to do something with the property. ...