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Nearly all of my rentals are financed with commercial loans that balloon in 7 years. I have a very good interest rate of 4.75% and with a 25 year amortization. All of these loans will balloon around the same time as...
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Hello fellow BP members. I just accepted a counter offer from a listing agent for a 3 BR, 1 bath property in the Metro Detroit Area as an investment. The original asking price was $40,000 and I was able to negotiat...
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Hi,
I would like to get everyone's thoughts if you care to share them about what experience has taught you to include in your lease. I mean beyond the standard lease that I am sure is similar in most cases for a smal...
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So this is my first property to have a GC I am building a relationship with give me a full cost breakdown structure (which I paid him $250 for, as I wanted it to be worth his time as I might need a ton of these before...
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Hi BP!I have been researching the different financing methods, and would prefer to use portfolio lending for its better rates on my first flip. I have roughly 60k liquid available as a down payment if needed, and the ...
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In December 2019, I had posted an article outlining 8 separate deals I put under contract (totaling over $1M in real estate) in 12 months. Here’s that original article here--From 2 to 18 Units ($1M+ in Real Estate) ...
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Appliances, home warranty, lawn service, etc...
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I figured it was time for me to introduce myself to the BP community. So here I am. Background:I am currently 30 - living in a cold, non business friendly state. I am spending my time and energy operating three separa...
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To add a new bedroom and bathroom? This house I found is a little over 1,800 sqft. and only has 2bed/1bath. Which is crazy to me. Is it as simple as erecting another wall inside the house for the bed and another wall ...
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how do you do it?
wanted to see what people are doing in terms of spending time with the family and time at the property/looking for deals.