Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
Hey everyone,
As 2024 comes to a close, I wanted to share my experience managing a 3-flat in the Ravenswood neighborhood of Chicago during my first year as a landlord. It’s been a wild ride—full of challenges, lesson...
Ashley G.
Is it possible to get HOA Financed? Also how to get board to buy into the idea of getting a Certified (or forensic) Audit?
Hello. I'm new here. I've lurked minimally, but have read some of the material produced by BP beginners. To make a long story short, I am the Treasurer of an owner managed HOA. I took the position in April of this yea...
Grey Haubert
Should I Live in My First Real Estate Investment?
All,I am currently honing my strategy for buying my first property. I have a goal of being financially independent in 7-10 years. My current dilemma is whether or not to buy my first property with intent to rent it ou...
Shiloh Lundahl
Seller Finance Fail, Foreclosure, Eviction, Try Again
In the summer of 2015, I bought a property in Apache Junction, Arizona for 100k. It was on the market for a little while at 130k but then dropped to 115k so I offered 100k quick close. The house was a 3/2 and I knew t...
Greg Carrier
the uglier side of tax sales
Just thought I would post for those interested in tax sales. I attend several auctions a year and buying houses via tax sales has been the most profitable way for me to consistently purchase homes. So I am sold on t...
Johnny McKeon
WOULD YOU buy your interest rate DOWN to 6.375% for $22k? With a 34 month breakeven
How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payme...
David Morrow
Please help walk me through a city/neghborhood analysis
Several of the sources I've read talk about analysis of a community, but I haven't yet found a newbie's step-by-step guide. So, as an excercise I am attempting to analyze the area surrounding 15021 Tesoro Dr, Corpus ...
Michael Avillion
Planning on renting rather than buying.
My wife and I and newborn are being moved to El Paso for “at least” a 3 yr assignment with the Army. I am an Army physician and was told by “big Army” I could easily extend to a 6yr assignment if I desired.
We have ...
Michael Soriano
What made you successful?
I have a question for investors who started off dead broke (I mean no money to even advertise) and became successful.
What are some of the things that made you successful or what was the 1 thing that really got you ...
Dean Suzuki
New member from Orange County, CA
Hi,
I'm a new member from Orange County, California. I am a beginner buy and hold investor. I started investing in 2009 and purchased properties in Southern California, Phoenix, Dallas, Atlanta, and Memphis...