Hey guys!So I made an offer on a foreclosure which I intend to fix up, live in with my wife as our first home for 5-8 years, pay off entirely and then rent out. The listing was $96k, I offered $97k cash ( my parents a...
Hello BP Nation, I recently purchased a 3B/1.5B townhouse for $176K in East Baltimore County, MD. My property manager and I set the rent at $1800. The median rent for the zipcode is $1500. There are very few rentals ...
Hello
Is there a thumb rule to determine if a rental apartment or home deal is good? What should be considered a good return % wise, let's say in Houston, TX or Minneapolis, MN or Chicago, IL.
Thanks
Sid
As an investor buying properties that will need rehab, is it worth it to purchase a larger vehicle, such as a SUV/Truck?I don't plan on participating in the rehab process as much, but may help out here and there(trans...
Hi!This will technically be my second investment since my first investment is a house hack that I am currently living in now. Hopefully I can get some feedback on areas I can acquire good property with following restr...
We found out today that one of the tenants on a lease has been accused of manslaughter. His court date is in early Dec, but if he is found guilty, could that cause terms for an eviction?Upon move in, none of the tenan...
Hi, Has anyone successfully implemented the BRRRR strategy in a New England market? I'm in MA and am looking in Manchester, NH, but my agent told me it will be hard to make the numbers work there. Would also consider ...
Hi Everyone!I am a newbie investor from Long Island, NY and am interested in investing in Baltimore. (I messed up on the profile and cant change my location from Baltimore to NY - - working on that)I work full-time a...
On BP, I read of deals such as 70% bank financing, 15% seller financing, 10% downpayment.Are these more of the exception, or are deals like this fairly common?
Hi. I’m flipping a 3/2 starter in Albuquerque, NM and we listed for sale at 189k, got 9 offers (all FHA and all above list) on the first weekend showing, and accepted the high offer at 208k. Now, a month along, the pu...