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Hey BP,Just acquired my first duplex using a 10% down 7 Year arm loan... My job is a sales engineering role... I have a guaranteed salary for the first year (which helped me get my first loan), but then it goes to poo...
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How much cash do you keep on hand per property? I am involved with a risky family business, and consider my side REI as less risky...so I tend to be more conservative with my rentals. have kept a small reserve for rai...
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Hey BP community! I'm Audrick and I would qualify as a newbie as I have not completed any deals yet. I'm in the intensive learning phase and I'm trying to understand as much as possible as quickly as possible so that ...
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Hi All,I'm in the market for my next multi-unit property. I currently have two SFH rentals and two duplexes. All of these were purchased pre-covid, and with the exception of one, all were found on the MLS. Looking now...
Hello everyone. I want to ask a question to anyone out there who have been successful at purchasing a property home with tenants and make a profit off of it.First, I'm a complete newbie. I layed out a plan for the fut...
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Since I'm a total rookie in REI but have a background in video, I'm trying to think of ways to leverage that skill and to benefit my REI business.
Who is using video and how are you using it?
Here is...
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Hello all,I have a short-term summer rental in VB with carpet upstairs (light tan) and engineered hardwood downstairs. I didn't pick the carpet as it was a new construction home (primary residence) prior to it being a...
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Wanted to introduce myself as a new member from Denver. Have an accounting and finance background along with a law degree, but no real estate experience, yet. Looking to build an ADU in Denver for short term rentals. ...
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Several people have been asking me what the sub-prime loans that are going bad will mean to guys like us. It seems to me that if the lenders have to take back these properties it will simply push prices down and the ...
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I'm new to BP so, I was hoping too ask a few questions. I'm a property inspector in the Washington DC area. I've purchased 4 properties which I rent one and just rehab and sold one, which I had rented for 6 years. The...