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Due diligence revealing some (potentially) major issues
Hi everyone!I could really use some advice/insight as I am new to real estate investing and am currently dealing with some issues regarding the purchase of my second property.I'm currently under contract with a 3 fami...
Jennifer Newby
Fourplex purchase with FHA 3.5 down in pricey Alaskan market
Hoping to get some insight on an opportunity I have. There's a fourplex I'm looking at, seller asking 550,000 that I can qualify for with an FHA, 3.5% down, using the rents from 3 of the 4 units. I love the idea of ...
Gordon Starr
Are C class tenants in worse shape than b class?
I have eight active sf rentals. Six are c class and two are low B. Last month the b class tents both came through with full payments, but two of the six c class tenants could not pay due to Covid Layoffs. What are you...
Kevin D.
It's official... Today I bought my fist REI.
There was a Tax Sale (Judicial Sale) today and I scouted out some properties and set my max bids for each property. I lost on two properties, but got one SFH for $10k or just over $11k after transfer taxes. My first...
Nicole Petrey
Small Regional Conventional Financing Austin, Tx Recommendations
Hello fellow BP Members,Newbie investor here, gearing up to purchase my first property in Austin, Tx (Round Rock, Pflugerville, Cedar Park area) within the next 4 months. I was interested in any recommendations on sma...
Devan M.
How can I provide value to a mentor?
I, like so many of us here, am a newbie when it comes to real estate investing and would love to have a mentor. The thing I am trying to wrap my head around is how can I make sure to provide value to a mentor since I...
Kyle Galloway
First Duplex-One Furnace. How to navigate?
My partner and I are finishing up a duplex. It has one furnace and one thermostat in the down unit that controls the temperature for the entire house-both units. My plan is to get a lock box installed around the therm...
Josh Young
Buy and Hold "the best strategy for building long term wealth"
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $480,000
Cash invested: $24,000
Purchased using a 5% down conventional loan. I bought this home and lived in it w...
Haley Jang
What should I do until closing?
Hello BP team, a new house hacker here.
I'm currently under contract for my first-ever primary townhome, which features 3 beds/3 bath. My plan is to rent out two of the rooms to help cover my mortgage payments.
So f...
Evan Ross
Managing rent increases
Hi all - I own and manage three duplexes in the Boston area (Medford). I have been cautious about raising rents as I try to maintain goodwill with the tenants. It's been less of an issue with my first two properties w...