My analysisHouse: 3 bed/2.5 bath Asking price: $359kProposed offer price: $310-330kARV: $359k (assuming that there is no change in value to be on the safe side)Rent total: $3400(2 bedrooms (9’x15'): $1100 x2; shared b...
Happy New Year, all! I’m having a hard time filling one of my units in the Duluth, MN/Superior, WI market. It’s the only 3/2 unit I have, and I’m wondering if it is generally harder to fill 3/2s than 2/1s. I’ve rep...
Hello Bp!Can someone please help me to understand the lending process.Can investors use a gift from a family member for a down payment?In what circumstances will a bank lend to a LLC? I have had lenders state that the...
I own a duplex in Minneapolis, MN and would like to charge the city utilities back to the tenants. Water/sewer isn't metered separately for each unit and the garbage fee is lumped in on the same invoice. Anyone have a...
This seems too good to be true, so it probably is. But as I am new to this and my MHP experience is limited, I'd like your opinions and help in asking the right questions to uncover the real facts, dirty details. Her...
Hello everybody! Thank you for taking the time out to look and respond to my post I really appreciate it. I'm a brand new investor and I'm currently deployed I going to buy my first investment property when I get ...
Hi everyone,
I am going to preface this by saying I have never done a rehab before. Currently looking at a multi-family REO that needs a fair amount of work. The house has no electricity and/or heat turned on. I foun...
Is there anyone in the BP universe that has added solar panels to a house to decrease utility costs? I assume there would be potentially significant upfront costs, but that the panels would pay for themselves and more...
Hi,I am looking for information on how can one go about developing a single family subdivision? I am wondering if someone can share some insights into following: 1) How to go about rezoning?2) How to do about getting ...
Hey everybody! Just a quick question for you guys. I’m looking at a property that has 5 units. It’s monthly income is $2,475. Asking price is 150k. I like that it’s well above the 1% rule. I’m still waiting to get the...