BPI am looking at purchasing a 6 unit appt bldg.  Consist of 4 2/1, and 2 3/1 units.  This bldg is in a historic district, walking distance to shops, restaurants, and the water.  The current owner has included a good ...

Greetings,I’m currently looking to purchase some properties in order to rent them out. My main concern is rules and guidelines to follow, which I’m not familiar with. So how does the whole system work? Do I need to ge...

I just locked down a 6 unit complex and now looking to lock in financing. I currently have a commitment from one institution but it doesn’t include rehab cost; it’s only to secure the acquisition. Can anyone refer or ...

Hi AllMy Central Boiler in my 8 unit building died March 2014I had a central boiler and converted all the units to individual forced air units in each apartment (they now control their own heat and pay their own gas b...

Hi BP,I apologize for such a basic question.. I've found a property that I've qualified through my own analysis: the price is right, 100% occupancy, and it cash flows nicely with 20% down. But the realtor says it's "n...

Good morning BP, are you looking for your first flip? How do you know if a "deal" is actually a deal? What do you need to look for, what needs to be considered? 1) Purchase Price:
Acquiring the property at a favorabl...

Hello,

Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.   
But where does closing costs come into this equation? 

Thanks,

Kyle
  

I am trying to purchase a second SFH investment property. I have one SFH rental that I purchased in 2021 using FHA (it was my primary residence at the time). I am trying to get a conventional loan this time around for...

Hi I’m looking for a purchase and sales agreement for wholesaling in Minnesota and what part of the contracts allows me to back out if I don’t find a buyer.

Hey guys,So I’m in the process of purchasing my 2nd rental property. My 1st property was tenant occupied so i didn’t have to worry about appliances. My question is, do I need to provide appliances in my 2nd rental pro...