Jacob Ramsey
First Purchase advice
Right now I'm looking at several options for our first purchase. I like the idea of a multi-family property, but I'm not sure it makes sense given the location and uncertainty of how long we will be in Austin. I hav...
Mark Lusson
Buying through self directed IRA
does it make sense to buy fiancé home which she is currently renting out which would eliminate mortgage and balance proceeds could be reinvested in another rental unit? Thanks
Greg Schreffler
BP Rent Estimator
Alright folks, I'm embarrassed to ask but I need it explained in a way that makes sense to me.On the BP Rental Prop Estimator (under Tools) (Median Rent) let's say is $2500, but it's a duplex. Does that mean that you ...
Nili Yosef
cash on cash and closing costs- need your opinion
Hi All,These days what would you consider a minimum cash on cash return on a small multifamily (4-8 units) that you would be comfortable with to make purchase? And from your own experience how much was the closing cos...
Account Closed
Units managed as a property manager
Focusing on property management for a minute...
How many units do you manage directly? Or maybe you outsource the management so you manage none directly.
A quick poll to get a sense of who is managing and who is doi...
Rob Beeman
Newbies can get 100% Purchase & Rehab Financing too!
Some rehab style lenders make it difficult for newbies to gain maximum leverage due to lack of deals done.......NOT US!
As a direct short-term rehab style ender we lend to NEWBIES 100% of purchase & 100% of the r...
Robert Hernandez
Quadplex to buy a used condensor or a new HVAC?
Hello BP family,
I have a quadplex that I recently purchased. One month in the condensor HVAC in one of the unit goes bad. I have a home warrarnty that the seller purchase. But, I doubt they would cover the replaceme...
Marco Campos
Visiting Cleveland, seeking advice & looking to network
I am planning to visit Cleveland Aug 2-3. I would like to make the most use of my time in knowing the market and networking with real estate friendly professionals. If you are a wholesaler, contractor, property manage...
Dustin R. Smith
Flipped condo won’t sell-lending changes
I have not ran into this before...advice wanted.
I flipped a condo, which I have done many of times successfully. This one was different in that it is in a bit rougher part of town, but units sell. My agent told me ...
Bob Manning
HELOC and financing question
Hello BP,I had a question or I'm looking for advice on my HELOC.I currently own two short term rental condos at a Northeast ski resort. Everything is going really well for both condos. I'm getting great nightly rent...