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Hi everyone. I am new to the site and looking forward to working and networking with everyone on here. I live west of Salt Lake City, UT. I have made the mistake of trying to get all the knowledge about this business...
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Hey everyone,Not sure if this is the right place to post this but figure would ask here :-)I’ve been a big fan of BP for a while and have started saving money for my first property. I have a property now that I became...
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I'm 21 y.o. in the Pittsburgh Area; I've been researching REI for the past year.
I'm working a minimum wage job, at this rate it's going to take me at least 5+ years to save up enough money for a down payment.
Is ...
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So this is a total newbie question but how do you guys handle your reserves? On a rental that’s renting 1500 a month and saving 15% ($225, 5% capex, 5% maintenance, 5% vacancy) it just seems low to me. Am I just being...
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So we’re planning on house hacking and getting into a 2 BR1BA duplex it’s currently priced at 160K the property is pretty much already rehabbed other than a few minor things (which is important to the wife for our fir...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $705,000
Cash invested: $70,000
Classic house hack situation, with a TON of mistakes/lessons learned.
This...
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Hello BP community,I’m a young engineer and just moved to Connecticut for work. Graduated in 2015 and want to begin investing in real estate.I recently just purchased a multi-family house (4 units) last month using a ...
My wife and I are 27 and looking for our first home. My goal is to buy my first house for around $180 or less, live there for a year or so, buy a second house to live in, then rent out the first house.
The issue is m...
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Fannie Mae made an enormous announcement this week that impacts anyone seeking to house hack – they reduced their downpayment requirements on 2-4 unit properties to 5%. This is a massive difference from the 15%-20% d...
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Hey everyone!
I am looking to purchase my first house/investment property. I am looking at multi units, duplexes or quad and I have a couple of questions.
• Is it worth me getting the FHA becaus...