Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $154,000
Cash invested: $60,000
3 unit multi-family with solid cashflow and equity
Hey BP!Earlier this year, I set a goal to do whatever it takes to buy my first duplex by the end of 2017. There were a lot of ups and downs throughout the process but what really kept me on track were the small goals ...
Hello BP Community!This is my first post to BP although I have been following this site, webinars and podcasts for about a year. I am a fresh college graduate and I start working full-time next Monday. I am both excit...
I found some condo/apartments selling individually in 25k - 30k range. My mortgage broker told me that I would not be able to buy more than one, and combine them for a mortgage. Is she tell me right? Has somebody e...
Im seeing a bit of a gray area here. I have a lead on a property in a up and coming neighborhood priced very well and well maintained. Im looking into using my VA loans benefits to house hack. Only problem is this pr...
On another forum, someone argued that buying just one property was a bad idea, stating that it will "drain me" and that you need multiple properties to be successful. I told him that if any one property can't be profi...
Hello,I am interested in buying an off market property in my area, and am wondering how to structure several offers as I know the seller is open to cash, owner-financing (as long as it has a short term), or regular mo...
OK So I'm sitting around looking to see if there are any deals floating around. I go on Craigslist and look at today's ads. I see two. One is a wholesaler. Then, my BP alert goes off and another listing pops up i...
Hey guys,If a property has two single family homes on one parcel, could it be eligible for conventional small MF financing? i.e. be underwritten like a duplex?Thanks in advance!
I am looking at making an offer on a property that is zoned for single family but has two SFH dwellings on it. I am concerned though that after stabilizing it the property may not appraise high enough due to a lack of...