Patrick Culleton
Would you negatively cashflow on a SFR?
Hey BP Nation!if you could rent out your primary residence, but would negatively cashflow approx $200/mo to do so, would you do it? Is there ever a point where the cashflow loss "makes sense" for you? Specifically, I ...
Greg P.
Appraisal was $2,000 short of Purchase Price....sigh..
Hello, I recently rehabbed a property, put it on the market and it was pending sale contingent on appraisal. The appraisal came in and it came in just $2,000 short. The buyers want to back out since they thought the...
Derrick S.
Making MoHo's lendable
Simple thought; likely a simple answer.I'm in Alaska, and there are a good amount of mobile homes / modular homes/ trailer houses on land. These are almost always owner financed or cash-only, because they aren't "real...
Leslie Yates
1031 Exchang with mortgage payoff and no new mortgage
! We are listing our rental duplex for sale and plan to do a 1031 Exchange into a REIT. We still have a small mortgage on the property but obviously won’t have one on the REIT so my question is this: If we wait and l...
John Liaaz
Why do bigger multifamily buildings use third party management?
I notice a lot of large apartment buildings in my area (Toronto) are being managed by third party property management companies. Why would a company that owns a building like this decide to outsource management instea...
David Hendry
Refinancing a Rental
I recently purchased my first rental in June. I used the BRRR method as I found on BP. I got a great deal paying cash by taking out a Home Equitly Line of Credit on my current home. Now im looking at refinancing the r...
Chris Brown
BofA Short Sale price negotiation
I am under contract with the seller of a short sale, BofA is the bank. I found from the inspections that it will require more work to rehab the house than thought: big items, plumbing, roof etc that was not apparent w...
Liam Somers
1031Exchange Experiences and Strategies
Purchased our first property (a duplex in IN) about 3 years ago, and we're now looking to sell to lock in the appreciation that we've had over that time. My thoughts were always to do a 1031 exchange to a larger multi...
Malcolm Grundy
First Multi Family Rental Under Contract
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $137,000
Cash invested: $25,000
2 single family units on the same lot, with a detached garage. Smaller bung...
Michael D'Alessandro
Need Help! Eviction Deal?!?!
Hello BP community! Hope everyone is doing well and had a great holiday weekend! My partner and I found a pretty solid deal on the MLS that we want to pursue, but we now have some reservations. I have my RE license an...