Mike Landry
would you subject to this property
townhome, class A area built 19831 year lease signed in july at $1000Balance on loan $72,000 Retail value $85,000 conservatively.Seller willing to pay all closing costs if legal?Price for acquisition $0Annual numbers...
Arthur Clark
Fha 203k to gain equity
I will make my first property purchase this year. Due to potential comp issues I am reevaluating a multi-families as my first property choice. I am considering a Fha 203k on a distressed to create equity for addition...
Jason DeMauro
Financing the next project with hard money?
I am currently under contract with my first flip. The project is a 4 bed 1.5 bath single family with a detached garage. I'll pay $13K for the house, anticipated rehab is $25k, hoping to be all-in under $40K. Comps in...
Account Closed
BRRRR Questions on Financing
Hello BP, I am currently reading David Greene's BRRRR book and had a couple of questions. In Chapter 9 - "The Value in Financing", there is a section discussing Conventional financing. He writes that for an investment...
Jonah Hartsburg
Homeowner’s Insurance With Roof Exclusion?
BP nation,I received a letter from my insurer on one of my rentals saying they will discontinue coverage unless I replace the roof on this home. I just had the roof inspected and confirmed there are no signs of active...
David J.
When does the nervousness end??
Here is the story. I have completed 5 sfr deals and am playing the buy and hold game. I like it so far and feel it is working out well. Each of the properties are cash flow positive because I stuck with the conservati...
Vanessa Burgess
What does the percentage stand for?
What does the percent in the MAO mean/stand for? I understand there is a formula ARVx70%-repairs=MAO but what does the percentage stand for?
Thomas Handy
It's October 1! What did you do last month?
I have been busy in school reading and writing papers and that has taken up a [b]lot of my time. I have been working with my property manager in Arizona to paint the interior of my vacant rental in Sierra Vista.
F...
Karen Sanders
FHA with an Accesory Dwellinng Unit (ADU)
First-Thanks for reading my book.I am buying a house for myself and it has an ADU (accesory dwelling unit). These are very common in our little tourist town. Some of them have a microwave/coffee pot with a mini refrig...
Rob Murden
Previous Landlord did not transfer the security deposit.
Hello, I just purchased a tri-plex here in Nashville TN, I just received a letter and a check for one of the deposits for one of the units from the previous landlord. The letter said they could not give me the second ...