So I have been saving for a couple years now to buy my first multifamily. I have 35k in the bank for closing, plus 10k reserves, a 762 credit score, pre-approval for a 150k FHA loan at 2.7% fixed, but only 120k pre-ap...

Earlier this year I purchased a property from someone who wanted to get rid of it fairly cheap. It is not in the greatest shape, but he got me in touch with someone that had been asking him about renting it. After I p...

Hello, Depending on my feasibility report, I will be having a 2,000 sqft mini storage facility built on my 4,000 sqft lot. My question is:1) Does anyone have experience with a tiny mini storage facility and whats your...

Hi, I've never posted on BP before, but have been an avid reader and know there are a lot of smart people on the site who may be able to help me with a tax question.  I was unable to find this scenario, but if someone...

Building new townhomes on existing multi-property

Hi all, Big Ben here in Chattanooga, Tennessee.

I'm about to go under contract on a 5 unit multifam package. 5 houses on 4 land parcels. They gross $2,400 / month. Assumed contract price at $150k.

Looking f...

Investment Info:

Large multi-family (5+ units) buy & hold investment in Fayetteville.

Purchase price: $315,000

Cash invested: $750,000

as of May 2021, complete restoration is still ongoing due to...

Hello BP,I'm in the process of purchasing my second duplex with seller financing. Purchase price 150K (. We've settled on a 7 year balloon with a 6% interest payment (based on 30 yr amortization). Down payment of 3.5%...

Hello BP World,  I am inquiring  about a peculiar  situation involving squatters.  Im looking to purchase a home that is in good shape from a tired Landlord. Unfortunately this home has squatters that have been in the...

Has anyone done STR or MTR with a camper? I have a buddy who is open to me taking over payments for his camper. Other than doing travel nursing, I have no use for a camper. Anyone have any luck renting out a spot at a...