Gusatvus Johnson
How much autonomy do you give property managers?
I recently purchased my second multi-family rental unit and hired a property manager to manage it. (I managed my first rental myself, and still do.)So far, the property manager I hired has acted with more autonomy tha...
Lawrence Holloway
Personal loan for down payment? Can’t miss opportunity..
I’m stuck! I have a great opportunity to acquire 12 SFR cash-flowing at $10,210. But the down payment needed from most lenders is 25%. I can only do 10-20%. I need $75,000 for the down payment. I have great credit, bu...
Dmitriy P.
Avoiding PMI
Hey BP,Im looking to purchase a 2 Family home which I plan on residing in and renting out the other unit. I was going for an FHA loan with 3.5% down b/c i didn't want to tie up my money in this one property as I am p...
Nicholas Hindes
Save up or seek creative financing?
Hey everyone. I am new to RE investing but SO excited to jump in with our first rental. Could use some feedback regarding what next steps to take. Right now we are about 4 months out from finishing some student loan p...
Matthew Irish-Jones
How We Assess Value
Decided to put this out here for anyone interested. There are always tons of people asking me about numbers, returns, cash on cash, CAP rates and what neighborhoods are best to invest relative to WNY. We work with a...
Rob Donovan
What do you guys and gals think of this one
$130,000 purchase price for 3 bed 1 bath duplex$1425/mo rent total$2290 for taxes$780 for insurance$590 for P & IPlan to put 10% down with seller financing at 4.5% with 30 year amort and 5 year balloon.Tenants wou...
David C.
Boosting Appraisal Value (in Chicago)
Hi, advice please...I'm looking to cash-out refinance. In Chicago, what elements of a property could help increase value in the appraisal?
Property built in 2001, things looking bit tired or starting to need repairs...
Jay Chekansky
Am I overlooking something while in DD?
Hey BP,I have a property under contract right now and I'm in the DD process. Since this purchase isn't as straight forward as all of my other vacant property purchases, I figured it'd be a good time to invite my "mes...
Matt Nettles
Is Mult Family the closest asset class to being “recession proof”
Is multi family the closest to “recession proof” of the asset classes? Why or why not?
Matt Bode
First Property Depreciation Question
I'm about to put my primary home up for rent and purchase a new primary. I own about 70% of the home. Question and I can't find a straight answer anywhere.Depreciation on the rental- I realize its over 27.5 years- is ...