Andy Peck
Hardwood Flooring - Rehab Recommendations for Long Term Stability
Hey BP,I'm looking to close on a 3-plex (3 flat) in Chicago in the beginning of December and doing an FHA full 203k rehab of the property.One of the items we are upgrading for long term buy and hold stability is the f...
Shari Posey
Is this an O.K. deal? 5-plex
The property I'm looking at is a "rehabbed" 5-plex. The owner bought it earlier this year for $290k but really didn't do much to it other than some minor maintenance and paint the exterior (ugly). There's room for ...
Steve S.
Multi family need your input before I proceed
2 part thread here:#1 what do I need to learn about before going into multi family#2 I have an opportunity to buy someone's properties is it a good deal?So I have experience in single family homes but now I'm thinking...
Juan Santos
Loaning Out My Personal Money
Hello, so I am writing today because I was asked for a loan since they are short $1000 of deposit money for an apartment they are moving into. I’ve searched topics on here and online as well but most of the things I’v...
Matt Messer
Negative Cash Flow on MFH
I am looking at a fourplex, that is listed at 117,000, Just based on Realtor's numbers and condition I would be looking to get the property around 105,000. Realtor said it would gross $19,479 yearly. I requested Sc...
George Wines
Renting Parking Spaces
Although most of these discussions are centered around renting/flipping/building/liens, I thought I would ask the BP community about renting parking spaces. I am in the Denver area and just purchased a condo in a 125 ...
Ernie Be
Mental case or common?😂
Or am I just a mental case? Haha...I currently have my own property maintenance biz which is currently in a slow spot. I have some money in the bank and am desperately trying to figure out what next venture I should p...
Brie Schmidt
WWYD: refinish hardwood and take a vacancy or put in laminate?
What would you do: refinish hardwood and take a vacancy or put in laminate?The properties I manage locally have nice, dark hardwood floors. After a few years or wear and tear, they are going to need to be refinished....
Mike Kroupa
Curb Appeal - Suggestions Wanted
This will be our first flip, and we want to do it right. We are looking for suggestions to maximize curb appeal for this house. So... this is your chance to help out a newbie get started right.What would you do to mak...
Ernie Sturzinger
Commercial Lending Terms for 7 unit multi-family property?
Hey everyone/anyone :)I am arranging financing on a 7-unit investment property. I wasn't aware of this initially, but it sounds like you can't do conventional loan on 5+ unit properties. So, when I spoke with the bank...