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Hello BP community,I am looking to purchase my 1st investment property, I am going to try the 90 day challenge. I have a TON of questions as a newbie in all of this which I am finding a lot of answers to using BP. I w...
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Hello,So I just sent out my first bundle of direct mail letters to pre foreclosure apartments in Miami. I generated a list of owners with anywhere from 20-70k in equity. How much should I offer when discussing the pur...
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I recently purchased a SFH in the South Chicago suburbs 1 month ago to BRRRR. I identified a lender at the beginning of the process who said they would be able to do a cash out refinance once the project was complete ...
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How do laundromats cash flow vs real estate?Please tell us your success stories and failures. P.S. Is it doing ok during COVID? Any advice?
We are looking to refi our current house (pull some equity out) and use that to buy another home. We will live in the new home and rent out the one we refinanced. The numbers look like we'd be able to cash flow the re...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,200,000
Cash invested: $360,000
This is a duplex that I use for Short-Term Rentals.
What made you in...
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This was my first Holiday season since undertaking this Real Estate adventure. I figured that with the Holidays being so hectic for people, and with winter being a slow time (Chicago Suburbs) that perhaps I could get...
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Hi guys,I've been a member since last summer, and I'm really excited to begin investing in real estate. After listening to all the BP podcasts, I've come to realize that @Joshua Dorkin does not believe that a real est...
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I'm a 34y/o male living in Downtown Chicago. Recently I've been kicking around the idea of buying a low income property ( 50K or Less ) in the South Chicago area and using it as a rental. This is all new to me so my ...
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First off I'm looking to peruse a 203k loan (basically the bank covers the purchase and rehab)In conversation an older gentleman I often run into offers me his one bedroom apartment on the first floor of a multi famil...