Julius Johnson
Any cons to using 203k Loan?
Me and my wife ar gearing up to buy first rental property, looking to buy in July/August and based in Minneapolis, MN.Any cons to using the 203k Loan? Is there a typical time/length of project?Familiar with FHA loan b...
Troy Hebert
Would You Do This Deal? NC Vacation Rental (Outer Banks)
Hi all,
I am finally buying my first property. It's a SFH under contract right now for $1.1mm. In the Outer Banks in North Carolina (Corolla specifically).
I've posted here before where I've looked in various region...
Jason Malabute
WHY I WALKED AWAY FROM A 28 UNIT DEAL
It started with a phone call from my rep. The owner picked up the phone in a grumpy voice. The owner said he would be open to selling his 28-unit apartment for $48k per unit. Most apartment properties in the market ar...
Matthew Masoud
Getting out of Mid-Term Rentals
I'm considering getting out of the Mid-Term Rental Game.I purchased 30 apartments (two 10 units, a 6-unit, and a 4-unit) for the purpose of running them as Mid-Term rentals.Currently, half of them are being run as MTR...
Wesley Mitchell
Are there any BRRRR disadvantages
I was wondering what type of disadvantages or risks comes with using the BRRRR strategy? I own a home that is fully paid currently if i use that (HELOC) to pay for another which i then rehab, rent, cash out refi for a...
Codi Tripp
What is the " BEST" rental market?
I am looking at Tampa FLA, Houston TX, and South Carolina to start building a rental portfolio. My back ups are Memphis TN, Indianapolis IN, and Cleveland Ohio. I would just love to listen to any cheers or jeers of th...
Tara Kinney
Invest and loan from 401K or just save?
Strategy Questions:I work as an 1099 for my "real job". I have an LLC and it is taxed as an S-Corp. I have recently stopped contributing to my 401K to use the money to save for real estate. But....I've been thinkin...
Wesley Vo
Buying a condo a good option for rental?
Hi all, I’m new here and have been doing a lot of research before buying my first rental property, and I was wondering if buying a condo would be a good option. I’m current living in Vegas and looking to buy one that’...
Cory Benhardt
How did you raise your down payment for your first deal?
Trying to save up as much as possible for my first buy and hold property. Any tips to get the best ROI to raise money for a down payment?
Marc C.
60-Unit Lease/Option Opportunity: Would YOU take this deal?
Sometimes, what you think might be a "deal," just might not be. Or you over-analyze a deal until you talk yourself out of it. Maybe that's where I am on this deal. So I'd like some advice from experienced BP'ers in th...