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I've been researching a variety of different markets in and around the DC/MD/VA area and Hampden continues to pop up as a potential place to invest in. Are there any existing BP investors who can share their experienc...
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- Purchased strip mall in 3/2003 in Chicago, IL for $4,800K- Sold it in 11/2017 for $4,660K- Closing costs for purchase/sale $600K- Capital improvements $300K- Total depreciation claimed over the years $2,300K- H...
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Hello BP!I am currently building out my funnel of leads for multifamily properties in my market. I understand the basics of underwriting, but I am curious how you screen deals and narrow down leads to a subset of prop...
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For the sake of clarity, I am using simplified round figures...
I took out a six-month hard money loan to improve a property I already owned in my personal name (paid cash) for $100,000 nominally, with 5 points orig...
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Here's the scenario:12 unit apartment complexOff market2 units month to month10 units 12 month leaseUnits are $300/month Below Market rentsAbsentee ownerProperty is free and clearPurchase price $1,600,000$50,000 closi...
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Hello BP Community. I wanted to get a consensus, I am relocating to Austin and selling my primary residence here in Orlando, FL ..... I am selling on a lease-option, but I'm curious how many of you would have sold ou...
Hey BP,I'm currently writing out my business plan. I'm at two pages and I think its going well so far but I would just like to hear any advice you all may have for me.What is crucial to include?How long are your busin...
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Here is the email I recieved, t there is also a approval leter I can attatch if someonewants to view it. Could you please let me know what would be your first thoughts after reading this.The attached file is your appr...
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Hello Lenders and Borrowers: I'm seeking various examples of term sheets from experience lenders and borrowers. The specific details are not as important as the language used to document the terms. Would be gratef...
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Hello everyone! Has anyone purchased a condo in Houston near medical to do a mid term rental? I have talked to several condos with HOA and they are all telling me they require a minimum of a one year lease in order fo...