Thomas Ebenhoch
Multi Family Refinancing
I own a 3 unit multi family home in Upstate NY, bought in 2016 with a FHA 203k loan. Purchase price was $127K, renovations from the 203k brought the loan total up to $154K. The house was appraised by the county for $1...
Jason Raynor
I'm going to my first REIA meeting as a 16 yr old. ADVICE?
So it's held by my local REIA group "TRIAD REIA" and it's occurring on Nov 17th. What's the best way to decide and come up with good questions? There'll be 3+ speakers and a 30 min interval before so people can meet a...
Lily Sellers
Mortgage Lender wont let me refinance equity. Options?
Got pre-approved for another investment property for only 200k (not much in my market) But, I have more than enough equity in one of my other properties that would cover more than enough for the difference I want to s...
Zach Taylor
Help Wanted with House Flipping in Chicago Area
Hey everyone. I'm looking to get into house flipping and I'm wondering if anyone has some advice on how to get started in the Chicago area. I could also potentially go outside Chicago, like into the suburbs or norther...
Jeff Moore
To sell or not to sell 16 unit apartment complex
Hi Everyone,
I have a 16 unit apartment complex that I currently owe $490,000 on. I cash flow after all expenses plus 10% Capex, 5% repair and 5% vacancy about $70,000/year. I have an offer to purchase for $1,300,...
Thomas Milas
Finding a Good House Hack Realtor
Hello Everyone,I’m about to jump in to some investment and want to jump in feet first into some house hacking. I’ve started the process by getting a pre-approval letter with with my bank. I’ve done a bit of scanning o...
Christian Wilson
STR Investing in Gatlinburg vs Blue Ridge
Hello fellow investors, I'm new to the BP forum. My wife & I live in Nashville and purchased our first STR here in January. It's doing great and we now have our sites set on the mountain markets in Gatlinburg and/...
Kate Stoltzfus
Tenant wants to buy rental ... what's next?
We have a rental house in Pittsburgh that we've been thinking about selling, and we just got an email from our tenants that they would like to open the discussion about buying the place. If we did come to some sort of...
Alex Capozzolo
Philadelphia - Sheriff Sale Property - Water Bill Transfer?
Hi BP, Question: Does anyone have experience with back billing of water bills from properties purchased at Sheriff Sale?Current Situation: My partner and I current have a property under contract, cleared to close, bu...
Charles David
CAP Rate calculation
Can you guys and gals help me check out my CAP rate calculation and tell me if there is any thing I have forgotten?
Cap Rate is Net Operating Income divided by Property Cost or Value.
Net Operating Income=
+Revenu...