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Guys I need some advice. I am under contract for a 4plex. CoC (taking into account vacancy/cap ex and maintenance) is 16%. It is a class B or C. Schools are 9 and 10s.One out of the 4 units is being renovated and we w...
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I have a house in North Carolina that I have flipped. I purchased the Property January for $220,000 with a combination of hard Money 198,000 @ 9.5% + 2 pts.I have a private money loan @ 60,000 @ 8%. The property was f...
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I have an interesting situation. I own 3 duplexes. All of which I have been doing the BRRRR strategy. 2 are now refinanced and I'm about to start on #3.The first 2 duplexes all have 2/1 units. #3 had a 3/2 and a 2...
We have multiple single family long term rental properties in our portfolio (being self managed) and are looking to add/diversify. We have about a million budget and are trying to decide between getting a tri or quadp...
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Hello!Our tenant just gave her notice and will be moving out at the end of April. We bought the property (two family that we are house hacking downstairs unit) over the summer. We would like to do some renovations, ...
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Hey everyone! I’m new to BP and found this site while looking for more information on real estate investing after reading “Rich Dad Poor Dad”. I live in the beautiful island of Oahu and am looking to invest in my firs...
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My partner and I are in the midst of low budget marketing including bandit signs, will be driving for dollars and posting notices on door steps but was wondering how long did it take you to get your first deal? How m...
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Hello BP CommunityI’m looking to switch over from single family rentals to small multi units (2-4). Any BPers successfully using the BRRRR strategy on small multis?
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I recently went for a refinance on my current duplex and like many people ran into issues with a low appraisal. Despite the fact that we went back with more comparable they were reluctant to use it even though it was...
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Hi all,Thanks as always for any help and advice. Tenants are experiencing heavy condensation. Walls are damp to touch, and some clothes are now moldy. Apparently this has occurred for a couple months since winter bega...