David Lewis
Low appraisal in Central Texas
Hey BP family! I had my first appraisal come back significantly lower than expected and don't agree with many (well any, unfortunately) of the comps used in the appraisal. My agent and I thoroughly reviewed the appr...
Daniel Erdman
Buy and Hold In California's Central Valley Analysis
Hey All,My wife and I are looking to develop a portfolio of rentals in the northern portion of California's Central Valley (Sacramento and surrounding areas). I have been practicing analyzing cash flow on some of thes...
Chendra Grandhi
How old is too old?
I am looking at properties in San Antonio and Indy areas for now. Most of the multi unit or apartment/commercial properties are very old. Some good ones are 1900, 1920, etc. I am rarely seeing any thing newer than 198...
Kelly McCullen
Running the Math on an initial deal
Here goes it, folks.....
2 bed/1.5 bath - 1300 sq feet.
List Price: $40,000
Last renter paid: $400/month ( I know, it's the 1% rule in this case)
The $400 per month rate was based on a house that needed some "spr...
Ryan McCalla
Review possible deal Wichita Ks. Market
Address 1107 s Martinson Wichita Ks. 672132 bed 2 bath 1250sq. Ft.Current asking price $65,000Needs $3000 to $5,000 in repairs.Will be able to rent for around $750 a month in Wichita market. Property tax is $750 a yea...
Nando Nachi
Good areas for living and investment in Greater Seattle
Im planning to buy an SFH or townhome and convert it from 2 to 3 bedroom for a forced appreciation. What are upcoming neighborhoods on Eastside or otherwise? Which areas should i completely avoid?My budget is 700k. Il...
Cody Caswell
Your Design Doesn't Always Have to be BOLD!
Our company has designed over 100 flips for Real Estate Investors in 12 states, and one of the biggest mistakes that we see our investors (try to) make is always going BOLD with the design! Let me explain...Houses nat...
Tawnie Vinitnantharat
Separate tenants share utilities
Hello BP,My spouse and I bought a single family home with an ADU last year. We lived in the ADU and rented out the main home. So we were able to have a pretty great relationship with our tenants and really be on top o...
Chris Christianson
St. Paul West Side?
We just purchased our first rental property in St Paul MN. We got a good deal, for the Twin Cities, at the bottom of Summit Hill on Grand Ave. Looking forward to getting it rented out. I'm heading that way today an...
Francisco Feliz
FHA Self-Sufficiency Provision
Hi everyone,Is anyone familiar with the self-sufficiency test on FHAs with respect to buying a multi-family? I was told that it's a recent-ish provision that has made several FHA loans fall through. Apparently, 75% of...