Donald Placide
Purchasing multiple rental properties using FHA
Hey BP family, as I stated in my goals, im trying to figure out how to build a large portfolio of rentals (for rental income of 5k+ monthly)in the NJ/NY area.My situation; I've been making 40k a year for the past 3 ye...
Thomas Richardson
Help me see if this is a deal
Can someone please help me evaluate this deal? its meeting the 1% rule easily and it seems like it should be a good deal but the way I am running the numbers it doesn't seem to make sense but not sure if I am running ...
Tanner Westerheid
Buying a Condo to get started?
I am currently 24 living in Denver. All of my family and friends live here and I have an amazing job I do not wish to leave. I have been following BP for over a year now and really want to get started. Here is my ...
Michael Ashe
How should I finance my 1st rental
Just starting the process of planning my 1st investment property purchase and I'm not sure how I should handle financing. I have about $75,000 in equity and I'm interested in using a HELOC or Equity loan for my down p...
Alex Peau
What happens if... (subject-to question)
Helllooo BP,
Hypothetical question.. If I were to purchase a property "subject-to" from a motivated seller and 6 months down the line the original owner wants to purchase another property that he/she will be ...
Andrew Terry
The Strategy Game
Trying to figure out my strategy beyond the first property. Let me here what you would do with the scenario.Purchase Price:40KRehab: 40KTotal Loan From Lender after Rehab: 80KARV: 130KFair Market Rent: 1,200 Mo.If thi...
Joshua D.
Tenant Suicide- Please chime in.
We had a tenant that committed suicide in one of our units. He hadn't paid rent this month, and we became concerned after 10 days went by. We posted a Notice to Pay Rent or Vacate on the 10th day, and never heard bac...
Jon Klaus
Other People's Money
For those who use OPM as much as possible, why don't you use your own money more? How and where do you invest your own money? What level of return and risk do you target for your own money?
Shane Pawich
Should I own my own home before I start investing in rentals?
So I don’t really think I want to own my own home just yet. But I really want to get involved in real estate . Can i hear some pros in cons about this situation? I don’t want to buy a rental home and then not be able ...
Mark Betche
What is your formula?
What is your formula for making an offer?
Do you have a specific minimum for ROI?
What factors do you consider to determine your offer?
As a newbie, I expect that I would attempt to buy a property below market value,...