I have a duplex under contract and I was intending on using a FHA 203K loan with 3.5% down. However, due to the fact that I've been in real estate just over a year, I can't use my income so I ended up needing to use a...
Still learning, so I figured it would be good to keep some running updates on my progress with this!This is my first purchase after getting involved with BP. I had purchased a SFH when I lived in CA because I “fell in...
My first duplex deal
The previous owner purchased this duplex in 2005 for $25,000 then sold it and carried the note. The person he sold it to defaulted on the loan in 2007 and it took him 15 months and lots of legal ...
I've recently found a duplex that I'm interested in purchasing the list price is $69,000 but I believe I could purchase the property for $60,000. Current rents at $600 per unit totaling $1200/mo. The tenants are up to...
What factors should be considered while looking for a market to build a cash flow portfolio while investing out of state. I would like to focus on a single area to start with and buy 5-10 SFH or 2-4 units in one area...
Hello everyone I'm excited to be a part of this platform and I'm looking to buy an investment property. I live in the Salinas CA and medium homes are priced right around $450-500K. The way the real estate market is ...
MY FIRST INVESTMENT-DEAL OR NO DEAL!?I’m so grateful to the BP community. The many generous and knowledgeable people and resources are a blessing to a newbie like me. I was just introduced to the world of real estat...
Hi Everyone, Pardon what could be a wildly ignorant question, but I drove from Chicago to suburban Indiana last weekend to look at some duplexes, and I am doing the same this weekend--needless to say, I am incredibly ...
So for whatever reason, I’m having super favor in finding deals. I’ll lay out the quick history to catch you up with my current situation. 2 years ago I GC’ed the construction of a duplex on a lot I purchased from a d...
Hi all,
For the past 6 months I've been looking for 20-30 apartment units to purchase, but have been having a hard time finding deals that make sense. They're selling at 8 caps stabilized with not much value add oppo...