I finally have my 2nd rental under contract. Set a goal this year of 4 units and currently half way there. Details: 3/2 single family. Arv 135,000Purchase 72K Rehab budget 25K Rents $1400Thoughts ?
Found a duplex in a decent neighborhood renting for $600 and $550, respectively with a sale price of only $79,000. Even accounting for 25% of rent going to Property Management, CapEx, Repairs, Vacancy etc, my calculat...
Due to the great wealth of information and helpful people on BP, I was able to get my first home under contract last weekend. Here are some basic details about the property:
$230,000 triplex (one unit per floor)Built...
I'm interested in using an FHA loan on a duplex or triplex purchase for my first deal. As of right now I have a couple credit issues I'm working on taking care of, and what I'm wondering, would explaining to the bank ...
We're considering partnering with a GC who is a good friend of ours. We will be purchasing a SFH and paying for all of the rehab, so we'll have all of the risk. The GC has all the rehab experience and contacts. If he...
I have heard of a case where the lawyer was able to somehow poke holes in the LLC that enabled access to someone's personal assets. I have also heard of a case where the tenant sued the LLC that contained several oth...
I just had an idea, if we could figure out the maximum amount of dollars we could pay for a property per $1 of monthly rental income we estimate the property will bring, we would have a very easy way to figure out how...
I have been approved for a large acquisition/renovation LOC from Corevest Finance. I am planning to use it to significantly expand my portfolio (mainly BRRRs along with some fix n flips) lin three different markets
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Here's the deal. I have a seller that has 8 lots with old mobile homes on them for sale. We have an agreement (verbally, going to get it on a contract tomorrow) for me to buy them at $70k each. He will carry a note on...
Currently this building is occupied by 6 tenants (one empty). One is well known, but the tenant says it's their worst performing store. The site is at a light and is on a corner and the traffic counts seem decent at...