Noble Evans
I have a good flip deal at 70 % arv, but my lender is still nervous
Hi guys, my name is Noble Evans and I am new to BP on the forums. I am also a rookie in the investment game but not to construction in general. I have worked for a general contractor, as a project manager, for almost ...
Garrett Hilseth
BPO(s)
The real estate industry swings up and down so frequently these days. How do you know if you're getting a good deal? I've seen many supposed "deals" go wrong because investors don't want to look into value deeper.
A...
Nathan Hui
Single Family Conversion to Duplex with FHA 203k Loan
In my local market I have found that good small multifamily homes are difficult to come by. Naturally, I began to ask myself, can I use a FHA 203k to convert a single family home with a basement (unfinished/finished)...
Eric La Pratt
Chicago 203k FHA Contractors
Hey Chicagoland BP'ers!I am under contract for a 4 flat in the city and would like some recommendations on a FHA 203k approved contractor to bid on my project, slated to begin early January. Any recommendations?Thanks!
Ben Leybovich
Is Turn Key a Good Idea?
If I could have a dollar for every time this question was asked...
To be frank, I had always answered - No. However, upon closer examination the answer is - it depends. Depends on where, how, and with whom...
Alessandro A.
Newbie BRRRR Question
I’m a newbie looking to purchase my first investment property. I found a cash-flowing four-plex on the market for $250k. It is fully rented and is getting $2700 in rent. I am approved for a conventional loan. 25% down...
Ellie Perlman
The 3 Biggest Misconceptions When Investing in Real Estate Today
There are many misconceptions about investing in multifamily real estate during the pandemic, but I’ve highlighted the top 3 for you to consider. These are the ones many colleagues and investors are talking about.Misc...
Joe White
Using Velocity of Money in Real Estate Investing
Velocity of money is an economic term that refers to how quickly money changes hands within an economy. It's often used as a key metric of an economy's health. The faster a dollar gets spent, then re-spent, and re-spe...
Missy H.
Should I accommodate an air conditioner
I just bought a duplex rental property in Albany, NY. It is an older house - early 1900's. The previous owners had a PM company managing the house, but nothing was ever updated and any repairs were just a band-aid. ...
Alex Omo
New Seattle Investor (during COVID)
What tips would you give to someone who wants to invest in the Seattle area as a first time buyer. Also how is COVID-19 affecting your rental investments and is now the right time to invest with COVID winding down.