Wave Taylor
Multi units brought at auction
There is an auction house in my area and they have a lot of small multi-units up for action. Anyone ever buy a property from an action? Does anyone have any insight on that process?
Cynthia Ng
how to finance more deals
Hello BP followers,I'm currently looking to buy a multi family in mid HV area Pok, Wappingers and Hyde Park area and my issue is financing.All of my $$ is tie to my investment; I owned 3 sfr outright no mortgage and t...
Tim Johnson
FHA Loan Refied to Conventional
Is it possible to refi a FHA loan and turn it to a conventional loan? And once this is done can I apply for another FHA Loan?
Greg Spring
Need guidance on 1st rental property near UAH Campus
Hi!I have an opportunity to purchase a single family home, 4 bedrooms/2 bath home within 3 minutes of UAH campus in Huntsville, AL. It would be for my daughter who is a student-athlete at UAH and 3 other roommates...
Andrew Rosenbaum
Buying a Flip to Sell in April, 21'!!! Good Idea or Bad Idea?
I'm looking to purchase my first flip property in the coming weeks. By the time it's rehabbed and ready to go on market, it'll be about April of 2021. I know each market is different however, given the effects of COVI...
Chris Kinder
Buying an NPN with equity at the property level
Hello everyone,
I am going under contract to buy a non-performing note on an apartment bldg in New York City. The outstanding note balance is $235k and the accepted price with the note holder is $200k (84 cents on th...
JT Marlin
Trust deed investment - when can I claim a loss?
I invested in several trust deeds back in the 2005 -2006 time frame. Unfortunately, several of the trust deeds were ultimately foreclosed on. However, there is one trust deed loan that hasn't performed in years, but t...
Brandon Foken
Critique my Direct Mail Lists Please
I'm in the process of preparing my first batch of direct mail slated to go out the first week of January. I'm using Listsource to build my lead list and I wanted to get the community's opinion on my criteria. I am tar...
Brandon Eleazer
Expense Projections using 50% Rule
Hello BP,
I am preparing a budget for a SFH that costs $50k. The monthly rent is $1k. Using the 50% rule of thumb I don't see how $500/month (which amounts to $6k per year) is enough to cover all expenses except P&am...
Duane Hundley
Buying rentals questions
Hi,
I'm planning on getting back into rental properties again and wanted to ask a few questions.
1. Should I pay cash or do 20%-50% down
2. How much in cash reserves should I have for each property
3. How long sh...