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I have an opportunity to get a SFR for 45k that is in a rough area but newly renovated with new hvac, water heater, and roof. rent should be 750 per month, taxes 650, ins 900. assuming 35% for capex and repairs and 10...
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I've been a broker for 7 years. I recently moved to a new market where rents are relatively high against low purchase prices. I am tempted to set up an LLC and offer investment opportunities to my clients back in Mass...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $202,150
Cash invested: $26,936
We purchased a $5,000 sq ft 4 plex with 4 x 2 bedroom appartments that each ...
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With the 1031 exchange Do you run numbers as usual on “like kind” properties and then present them to a lender?How would that work being that I wouldn’t need the purchase and renovation cost to be covered completely b...
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BP Fam, please overwhelm me with your inputs. I'm looking to use my SOI, our 100+ agents in the office, lender network, and their connections to fundraise an upcoming purchase. Our team is fundraising either a full $4...
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Hey All,Bought a very rough 2Br, 1 Ba, 1500sqft Rambler with Unfinished basement July 2021. Vacant for 8 years. Overpaid for it slightly, but this is the definition of fantastic neighborhood, ugly house. Bought it wit...
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I'm posting this here to do a little "venting". The wholesaler craze is alive and well in Indy. I am on multiple buyer's lists, and am bombarded daily with off-market "deals" under contract by local wholesalers. Not ...
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So I have my properties inside of a LLC and all expenses run through their own business bank account (currently at Bank of America). Due to some recent renovations and a turn my account fell below the 3k minimum and t...
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Hello BP community,I just watched Brandon's multifamily seminar last night and I had a question. He cited that the 203k loan program was available for multifamily units, however my broker (located in WA State) shot th...
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Hello Everyone!Just so you get an idea I flip single family homes. Sometimes I do complete tear downs and rebuilds and other times I do gut renovations and/or additions (depending on what the situation calls for). Up ...