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I found what seems to be a pretty decent 4 unit 2br/1ba quad-plex with great numbers. Its listed at near 150k, but I think I could get that down to mid-$130k given that the property has been on the market for a while ...
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I am buying my first apartment building this winter. Any tips on how to do due diligence? I've seen every unit now with a contractor. We went over the exterior and mechanicals too. Should I hire anyone special for ...
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Good Evening All,
The reason I'm posting today is to seek for advice and tips to help me lay out a plan in buying my first rental properties (multifamily 2,3,4).
First of all, sorry for the beginner questions I'm ...
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As the days get shorter and the weather gets steadily colder, homeowners across the country will see their power bills increase dramatically. Heating and lighting your real estate investment through the late fall and ...
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I transplanted to Detroit from California. I continue to work in the tech industry while divesting more and more into the Detroit market. Closing on my first deal, with two to three more to follow by the end of this...
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Hi all!I purchased a brick home foreclosure and have just cleaned it out and gutted the inside of it (it needed it). I have a few questions on my next steps:1. Is it worth it to frame the inside of the exterior walls ...
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Hi All, Just went under contract on a 12-unit apartment yesterday and are about to begin the diligence period. The seller is providing good financing at 4.75% for 10 years, 30 am. We have done a thorough valuation a...
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Happy Thanksgiving BP Community, looking into nuances of 203k loans and it seems like you can use construction funds for adding on, curious if anyone has had experience adding an ADU, or converting garage into studio,...
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This is my first full rehab! How exciting is this!I am rehabbing a small 1950's cape that I feel has a really good potential but like many capes of its vintage it has a pretty claustrophobic floor plan downstairs with...
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Hello BP,
I am here to soliciting your input and thank you! Looking for a 2nd rental. Inspection done today. I am on the fence.
- Location: Old neighborhood, up and coming. 6 houses to an elementary school ( 7/10 ...