Michael Breedlove
Commercial CashOut Refi on a 4plex
Hey BP Fam,I'm looking to do a cash out Refi on a 4plex that I own just outside of New Orleans. I'm considering doing a commercial loan and transferring the property into an LLC. I've been quoted 6.25% with 2 points a...
Agyei Axum
MLS / off-market DC or down south
Hi BP, So a friend and I are ready to pull the trigger on something. We are looking in the range of no more than $650k and are looking to find a solid first joint investment. We are currently in DC at the moment and a...
Nick Wehrley
When is Reserve Account “Good”
So I have 6 months of expenses set aside in reserves. Is this an acceptable amount to then increase my cashflow a bit and decrease the amount going into reserves? When below 6 months reserves, I do 10% maintenance, 8-...
Account Closed
Shifting Downtown Tucson Market
As a resident of downtown Tucson, I have watched it change a lot in the last 5 years. Over the next 2 to 5, we can most likely expect another big shift in the supply and demand factors in the downtown market. Big chan...
Melissa J.
Lease agreement...month to month
Tenants 1 year lease is almost up. They made payments every month but were typically a week late. Then we got asked the question, “will you consider a month to month lease”? The reason we got asked this is because ...
Dave Versch
How to judge vacancy rates?
Hi,
I'm wondering what's the best way to know what the vacancy rate is in a particular area, zip code, city, whatever. I've been using Sperlings (www.bestplaces.net), but sometimes I wonder how accurate and up t...
Kelsey Bramer
Tenants just left?
Hey all. Does anybody know what my rights are as an owners of my tenants just without word? Just bought the house. They were there day of closing, one week later, nobody is there and everything looks to be gone. I d...
Casey Maib
DEAL ANALYSIS: First buy and hold/BRRRR
4/Br 2 Ba Asking 130,000 (hoping to close 115-120)Rent in area varies but updated 1400 should be reasonableNeeds updating mostly floor, paint, maybe counters estimated 15000Potential 5th bedroom 3rd bath kitchenette i...
Rick Grimes
From Washington State
Good Afternoon all,I am from Washington State and have found a nice piece of property that would be able to have 4-5 duplexes built on it. However, I have no way to finance the land and the build out of the property, ...
Robert Quiroz
Resources when starting out
Hello all,
First post here on BP. I have read through Michael Blank's Financial Freedom with Real Estate Investing and am ready to go on to next steps. In my initial research, I'm finding a pretty big disconnect wi...