I will try and keep this as short as possible for time and reading purposes. I first came across real estate investing after looking for ways to earn “passive” income while also being able to improve communities. At f...
I'm rehabbing a home that I plan to sell on owner finance. Of 5 note investors I've spoken to, 3 use drive by BPOs to determine As-Is value on the house (One has some internal process, and the final one wants an appra...
Hi everyone, I'm on the process of buying a six unit apartment in Addison il dupage countySales price is 450k 5 2 units and 1 1 unit Rents in the area are 850 for 2 beds and 750 for one bed. Building noi is around 35...
I am a recent business school grad from the University of Colorado. I came down to Texas to work because I can stay with family and my wife was pregnant, she has since had the baby. So I am not paying any rent. I have...
Hi BP members!This is just my second post and it feels great to have received such good feedback and support.Since I don't usually carry around $100K in cash, my southern California backyard market can seem a little i...
In 2013 I had some good timing. Purchased a four unit apartment building, built in 1980 with major tenant and management issues. It cost me around $360k all in but I used an FHA203k loan so my out of pocket was around...
Picture it...Pittsburgh, Pennsylvania, home of old houses with serious problems and the people who live in them. At the end of October, the bathroom sink upstairs springs a leak. The leak flows across the tile floor a...
I am in process for a loan from a hard money lender. This is my first time seeking hard money funding and I have requested 100% financing. Apparently I am working with a broker who in turn is using another broker who...
I have yet to make my leap into to my first investment property but I'm trying to do so now. I'd like to purchase a second property for a new primary residency but keep my current home and rent it out. My issue comes...
I recently sold my primary residence and have a fairly large cash reserve. I am about to buy a home in Charlotte and my DTI will increase from 5.4% to nearly 45%. The total monthly payment is about $1,750/month if I p...