Randy Fung
Advice needed on analyzing a foreclose deal in helping a friend out of bad credit.
Dear BP,I am at novice investor. I would need some advices on this case.I need some advices on analyzing whether I can help a friend out of bad credit for foreclosing a home in Albuquerque, new Mexico.She has default...
Zach Hoereth
The BRRRR method is foolproof! Right?
I wrapped up the week having a conversation with an out of state investor interested in purchasing a few properties that would fit the BRRRR criteria. I have found myself having the same conversation time and time aga...
Ty Moore
Newbie Tax Question
I am planning to purchase a foreclosure this week for $161,000 and put $20,000 into it with the hopes of it appraising around $250,000. My original plan was to flip the property and sell it for a quick $40,000 or so. ...
Account Closed
First Investment
I live in Orange County, CA and I've been scouting the market for the last year and a half. Let me just start out by saying the inventory for foreclosures and short sales dwindled really fast and got eaten alive by sh...
David Sabine
Possible first rental. Owner financing...fell into my lap
Hello BP,Had this possibly fall in my lap and I'm looking for guidance on next steps. Quick background, I’m still very new to REI. I haven’t yet purchased any property, I’m still in self education stage. Today I was t...
Robin Searle
Pros and cons of month to month lease vs. long term lease
I've been reading through past discussions on this but would love some advice from seasoned property managers on my particular situation. I have one single family rental with a long term tenant and it's worked out gr...
Michael Spindler
Maxium number of properties (RMF)?
Hello,
Tried a search, please forgive me if this has come up before.
Running the numbers for my 10 year plan... At a rate of 20% down on each ($50k or less MF properties), reinvesting every cash flow dollar earned,...
Greg Grant
Commercial property advice
Thinking about buying a 7 unit building in a class C area. I wanted some advice if I should or shouldn’t buy it? Let me break down the deals. Sale price $125,000 I am thinking of offering $60,000Rehab $110,000 it need...
Jeff L.
What's the best way to look for a mortgage lender today?
I'm a brand new investor. Have never bought a house and am completely new to everything including financing.1) What's the best way to look for a mortgage? I've heard banks, credit unions, mortgage brokers, mortgage ba...
Faisal Farnas
Typical Example from MLS in Saint Petersburg (Tampa Bay)
Hello BPers,I am currently looking to purchase a multifamily in the Tampa Bay area. I have been looking at the properties on the MLS and so far the best I could find, in north Saint Petersburg (North of Central Avenue...