Hey BP! I wanted to ask the community something and get their opinion on it. So I’ve finally made the choice that I will not be attending college and rather just work and save up for my first rental property. My que...
Hi all,
I'm in escrow on my first real estate deal (ever), a vacant triplex in Northern California. I'm using FHA financing and everything has gone extremely well... until now.
Despite asking my mortgag...
There's a house for sale that I'm interested in that looks to have been a rental due to a bit of visible damage. Hasn't been listed for sale in decades and is in the name of someone who I believe may have moved due to...
Hello everyone,
I am looking to buy 2 rental units. My Realtor suggested that i convert them into sec 8 housing, she said I would be able to get more rent for them and have very low vacancies. So, here are my quest...
Hi all, I am a newbie and I know just enough to get myself in trouble. I just won a bid on a property from Ashland Auctions in Baltimore and not sure what to do next during the due diligence stage since it is current...
Looking for an evaluation of my proposed strategy.- Identify tax delinquent properties. Figure out which of them are owned free & clear or have low mortgage balances.- Make an offer to their owners like this. e.g....
Hello BP,We have successfully sent out a small batch of mailers directed to absentee multi-family owners who have had the property for 10 years or longer and were interested in selling. So far, I have received 3 calls...
I am looking at a group of properties, but I am not certain whether they should be considered residential properties or commercial. The seller says all but one unit is on one lot, and the other property is on an adja...
Let me begin by saying I am new to wholealing I try to pull comps as conservatively as possible, as if every house depends on a hard money loan. Here is a general guideline I use, I would love to have some feedback.
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Hi, BP Members.Long time lurker, first time poster here. My brother and I want to team up to flip houses, and we have about 85K in cash to leverage to get started. We thought we'd start in the DC area because that's...