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I am a newbie currently working on a business plan and ready to do some deals. I see great opportunity, in my area, in buying forclosures at auction for quick resale. I need capital. I'd like to here everyones input o...
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We have few single families in University heights, Euclid and Garfield Heights. We should be making about 200 per door each month, however, repairs are compromising the returns. One of the properties was acquired 7 mo...
I thought I would share this experience as an example of how investment expectations can differ drastically from reality. Luckily the amounts involved here were relatively small, and it was more of an annoyance than a...
What strategy do you prefer to use to tap into your homes equity to use towards a purchase on an investment property? And why?
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Hi all,
I have found a duplex that I am prepared to make an offer on. It seems that the #s fit within the rule, but just wanted to make certain. If you guys could maybe take a look at these #s, and also suggest other...
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I think I know the answer to this question but I would like to verify it with the BP community. A partner and I are very close to closing our first multifamily and first REI. It's a small 6 unit that we see value in b...
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I own 2 homes. Primary- bought for $200k and have $150K left to pay.
Secondary- bought for $140k and have $100k left to pay.
Goal is to lower the interest rates on the primary or both preferably. Is it best to refi...
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This question is about a buyer who needs a bank loan.
For example, after I've got a wholesale property under contract with the seller and on the other hand, I got a serious buyer who needs a bank loan to com...
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Getting ready to close on my first property (2 family). Tenants in one unit are great people and clean but are paying under market value. Do I have them vacated at closing and replace with higher paying tenants, or do...
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I am currently screening tenants right now for the 1st time and we had this family apply today. They own their current home but according to the county website they owe back taxes from 2006?!? Can this be right?? How ...