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Upon completion of a multifamily building renovation - do you usually sell the entire building, or refinance it to get the equity and hold it for the residual cash flow?As far as a business plan, I am struggling with ...
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Purchase price: $58k cash, Renovations and holding costs $10k. Appraised $128K (lower than I expected, but market is tightening up). Cash out $96K.Rented at $1200/ mo. Only on the market for 1 week. My Before pi...
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Hi BP Fam! I am in the process of my first 1031 exchange. I had a buyer over the summer that totally screwed me. He led me on and then ghosted which put me in a totally new environment. I'm finally closing but the new...
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Turnover is a killer. What is your average turnover? There are definitely differences depending on the type of property (SFH, Duplex, Tri, Quad, 5+) and regional variances.
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We purchased a home on an island in September 2020, put about 30k down and about $60k to furnish and do the backyard, new flooring and paint. A year later, we purchased another home on the island, moved into it, and ...
Hello all,I'll try and keep it short. I have been managing my parents properties ever since they couldn't manage them themselves. They are at the point that they need to move into and pay for their ALF. It's very expe...
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Been reading a lot about RE and I want to start but don't have enough captial yet. So my second option is to work with someone that is currently buying stressed homes and rehabbing them. Removing carpets, sweeping flo...
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Hello,My wife and I will soon be collecting net proceeds from a home sale in the 5 figure range. Our plan is to sit on the money for ruffly 6 months while we deal with some other financial things before re-investing i...
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I have a person who sometimes work as my handyman for my rental property. He's been and reliable so far. He is now interested in occupying one of my apartments which has become available for rent. He's agreed to per...
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Hi we are looking to sell to our current tenants and they are getting an FHA loan. The appraisal came in $30k under the agreed upon price. The price we agreed to was what OpenDoor had already offered us so we could al...