Shaun Caldwell
Anyone own rentals in the ghetto?
I recently came across a small duplex that is FSBO in a ghetto. I've heard about the strong cash flow properties in low income areas can produce but I'm also aware of the downfalls of investing in not so favorable are...
Joe Pearson
No Reserve + Need Tenant to Afford Mortgage = Too much risk?
So, I'm planning on purchasing a duplex or triplex within Manchester, NH, but my fiancee and I can only afford an FHA Loan 3.5% down and 4.85% interest, 30 yr mortgage, and that will leave us with practically no reser...
Shawn Crawley
Seller financing rules
Upon my reasearch I came to the conclusion that a seller thats using seller financing can only do 3 a year according to Dodd-frank rule. If this is correct is it also rules limiting the number a buyer can buy using se...
Alex Corvin
Minimal/no cashflow, but good potential for appreciation
Hello BP community. I'm considering buying a property to hold and rent out, and would like some more input on whether it's a good buy.The property is in the Raleigh, NC market, specifically in the downtown Cary area (...
Peter Lee
How are sale values of ADU's?
Anyone have recent experience on how an ADU (accessory dwelling unit) or backhouse is valued these days relative to the main house?For example, say if you have a house that is 1500sf and it would normally sell for $50...
Lance Cummins
Debt Free Investing
Hi BP!
I am new to BP and I am loving it! I listen to all the podcasts and love reading these posts.
My wife and I are not fans of debt (good or bad). We worked very hard to graduate from college debt free. We are b...
Gerardo Hernandez
I feel like I made a mistake
Hello everyone, I have to say I am freaking out!! I got a new job over an hour away and I have been driving for over a month and I hate it! I have been trying to find a duplex to house hack but there isn't much in the...
Clay Manship
Diary of an FHA 203k Loan Deal
Hello BiggerPockets family!Well, it's official. After a lengthy process, I have finally put my first personal residence under contract. It is a 4-unit apartment building, which will allow me to utilize FHA 203k financ...
Account Closed
What Should I Sell This For??? Can I Get a Pro Answer?
Hi guys and girls,
So I have a pretty great deal. It's in a very desirable town and neighborhood. It's a 3 Br 2 ba and the lowest comp in the area is $335K and everything is averaging about 350ish. It needs new plu...
Erik Haugen
Ethical dilemma around kicking tenants out
I bought a 8-unit apartment building; the value add is that rents are 20% below market value. My strategy was to buy, let the tenants go, rehab, and raise the rents. We gave notice to all the tenants (who are month-to...