Account Closed
People are quick to tell me why I should NOT buy a 5+ unit building. But why SHOULD I?
Wife and I are in the beginning stages of going after a long term income property (In Los Angeles). We already have a 4 unit building here in LA - and a single family home we live in. Initially we were thinking 4-p...
Chad Murray
Financing dilemma: Home equity loan, line of credit, or refinance
My wife and I are exploring options for financing our first rental properties. We would like to free up some cash to make improvements on our current home, move out into a multi-family property, rent the other units ...
Elijah Bankole
Newbie from St. Paul. Debt free and love RE!
Hey y’all! My wife and I just completed our 34 months journey on paying off all $162K of consumer debt, which was started because of our desire for FI.
I travel every week as a consultant, which I’ve always felt was...
Anthony B.
22 Unit Apartment
The main thing I am unclear of is the fact it is 'Government Subsidized'.
Is this an advantage or disadvantage?
1,000,000 Asking Price
22 Units - Each Unit @ $789 Monthly Rent
$17,358 Gross Monthly Rent
($8,679) ...
Baltazar Haro
Took over a fourplex with a strange lease agreement. [TX]
Hello everyone,I have a question for landlords, I purchased a fourplex and Im looking over their lease agreements and I see that its been modified by the previous landlord. The lease is typed out but the modification ...
Michael Williams
Bundling my current loan
How would I be able to bundle my current loan I have with my lender with a new residential loan, I'd like to buy a duplex to house hack in the next 3-6 months. What are the benefits of bundling loans? What are some co...
Shawn S.
Using an Escallation Clause
Hello BP Friends!I just recently wrote my first offer this last weekend! Woohoo! My offer did not end up getting accepted, as another buyer came in with a stronger offer. But I am still happy because it was progress, ...
Omar T Sharaf
Making my Residence into rental property
I'm looking to move out of my current Home and into another. I did the numbers on my current property and it would make for a good rental property. What should I be concerned about from doing this?Do I treat this as a...
Michael Breedlove
Tenant asking for temporary rent decrease
Hey BP. Here’s the situation. One of my tenants has been only working part time because of this pandemic. For the past 2 months she’s been allowed to split up rent payments with no late fees. I offered to allow her to...
Joshua Chen
Bank vs credit union
What is a bank versus a credit union? What are the advantages and disadvantages of each? Can you be a part of both at the same time? And what are their respective implications on financing for real estate?