Hey BP!!Here's the breakdown of a rental I am looking at.SP - $60k ( slightly below market value ) Terms- Bond for Deed- 3.5% down, 4% rate, 3 year term, amort 30 years. Market rent $800 to $850 ( $900 Sec 8 maybe mor...
Flip deal:Purchase Price $75,000Repairs $18,000AVR $125,000Financed at 5% with 20% down.Not quite the 70% minus rehab but i'd like to see what others think.Thank you
What are all the options to doing this deal? A seller is selling his house for $170k. It's a 2 story home, 3 bed 2.5 bath, 2-car garage, 2,274 sq. ft, built in 1995Here are the variables:2 liens - Owe $103K: 1st Mortg...
Hello,I am trying to decide to purchase a pretty house that is in a great neighborhood but at market value. The house is a 3/2 and 2 car garage, brand new hardwood floors, built in 2003, fireplace, gourmet kitchen, l...
I've got a deal that I think is a good one, but am a little uncertain about some of the numbers:Here is the deal:Duplex with $750/mo rentPurchase Price $28000Down Pmt $18000Owner finance $10000 at 0% for 5 yearsClosin...
Hello BP,I have a questions on a deal that I am looking into at the moment and I would like to get as much feedback as possible. The property is an ugly home located downtown the asking price was 20K but due to family...
Hi all!
First post here. I'm looking to buy my first home and rent out the rooms (either Airbnb or long-term tenants). After a year of living in it, I plan to make it into a rental property (and move on to my next ho...
Multfamily 4 plex unit 8 bed 4 ba. Offer price $475kRent Roll $3,430 monthlyTotal Expenses $1,393NOI $2,037Estimate Cap Rate 5.1%Please Advise!
Ok, so I've been analyzing potential deals for 2 months (maybe 40-50 total) or so and am getting an itchy trigger finger for my first deal. This popped up on our local REIA site and is bring sold by a large buyer/hol...
Hello investors - Happy Easter!I am new to BP and this is my first ever home live with parents and continue doing so.This is my first investment property in Mercer county NJand here are the details.year build 1983, 11...