Hello people! This forum has inspired me a lot to say the least and by reading your stories and generously given advice has proven to me that all it takes is hard work, patience, tenacity and guidance. I’m just gett...
Velocity of money is an economic term that refers to how quickly money changes hands within an economy. It's often used as a key metric of an economy's health. The faster a dollar gets spent, then re-spent, and re-spe...
Previous owner sold empty 40 unit apartment for $700,000 and gave 100% financing to the new owner.
New owner renovated and filled the building. New owner died and his estate is anxious to sell.
According to the Realt...
I'm in negotiations for a 12 unit in Cleveland right now, and will be raising 150k to go towards down payment and reserves. Our plan is to lower expenses for the building (gas is in landlords name now etc.) make mino...
BP, I am wondering if it is possible to use the current equity I have in all of my properties (roughly 2 million) to buy land and build new construction multi family units? Would I need money down? I’m just not sure h...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $860,000
Cash invested: $400,000
Sale price: $1,125,000
This property was #1 of #2 that was part of an es...
Hello BP Community!
It's been awhile since my intro post, over three years, but I am back and getting truly energized about the possibilities available for BRRRR investing to those willing to do the homework.
I hav...
Here my idea, please share your take on this strategy and it may have been already be a thing, but I literally just thought of it at the dinner table and abruptly left the table to draw it out on my dry erase board.So...
I want to purchase a small property. Two to four units, and live in one while renting out the other(s). The problem is I don't have the best credit to get a loan, and I don't have any money to put down. I know it prob...
I am curious what my chances would be to obtain a hard money loan with no money out of pocket to buy a foreclosure at auction? What can I do to improve my odds when I meet with hard money lenders? @Brandon Turner