Hi everyone, I'm working a lead that's a 2 bed / 1 bath / 634 ft home on a 2000 ft lot, so not much room to work with however, she owns the adjacent lot which is also 2000 sq ft and vacant. She is asking 106k for the ...
Hey BP community - looking for some feedback on this idea... I'm in the process of buying an investment property outside the US (Cayman Islands), for which I can get a (US Prime + %0.50) variable loan from the local b...
I am buying my second investment property. It's an old school building that's been converted to a 14 unit apartment building. The property has a positive cash flow. But, the previous owner was seriously under-insured ...
Hi all!I'm in Chicago and have an offer in on a 4 unit multifamily in the suburbs. I'm shopping around for homeowners insurance - do I actually have to call all these different insurance companies? Rates are conside...
We have the opportunity to purchase an estate house in an upscale area. The home is over 100 years old but in pretty good shape. There are 4 full baths and 5 rooms that could be used as bedrooms. We could get 6 to ...
I'm in the process of doing my first multifamily syndication. What's the best way to learn how to underwrite multifamily deals? I own residential rentals and understand the basics of of a P&L statement. However, I...
Our family has an old plantation, single wall home that was built in the 1930s. It has survived two big hurricanes ('82 and '92) but yet, family members feel that the house will likely need to be torn down within the...
Hi y'all, we are buying a 4 unit investment in Chicago for 430k, conventional loan with 30% down. I just got quoted minimum coverage from state farm for a $900,000, is this common?. Monthly payment is $450, more than ...
I stumbled upon a residential lot for sale by an REO company for dirt cheap ($1,500). The lot is on a subdivision street, houses built 6 or so years ago and is about 0.30 acres. The houses are all built and are valued...
There is a house that I see a listing for that seems to have a massive amount of Mold and water damage in the finished basement which includes a bathroom. It looks as though the mold is from floor to ceiling. I have n...