Braeden Cook
Small multi family house hack
Hey everyone, had a couple quick questions about my plan. So I’m still in the learning and planning phase, but the plan is to house hack a small multi family for a year with an 3.5% FHA loan. As far as running the num...
Brian LaPorte
Best ways to drive value into a 4-plex?
What are your opinions on the best ways to drive value into a 4-plex? If I’m looking to make improvements in order to refi and pull my capital back out, is it better to simply improve the NOI? Or general property i...
Chris Eley
County Club Flip in Phoenix
Hey BP! So I thought I would share about my 2nd flip in the Phoenix market - the flip that wasn't supposed to be a flip! The wife and I were searching for a new place for us, but had no luck finding what we wanted on...
Jeff G.
Am I greedy?
I am looking at an opportunity:Single Family, Ask price $44,900 (projected purchase price of $40,000)Taxes, $1,400Rent $867/month (rented with long term tenant)Assumptions:5% vacancy10% maintenance5% reserveOh this wo...
Aaron Ehrlich
ADVICE WANTED - Options for 91k purchase with 25k of work
I'm all ears for opinions on this one. This is an 1880's Single Family Home in Des Moines, Iowa. 3 Bedrooms but has 2 other rooms the could be considered bedrooms. Our goal is to get a house every 6 months, building u...
Bobby Christoulakis
At what point do I hire a full time handyman?
Hello everyone, I just closed on a 23 unit property,bringing my total number of units to 85. I find myself on the fence weather or not I'm big enough to hire my own full time handyman. I dont do much of the maintenan...
Joel Hudspeth
Mobile Home Park Write-Offs
My wife and I purchased a park in Idaho last Jan. There are 31 park owned homes and 14 renter owned homes. We have done quite a bit of work to the park owned homes in the tune of about 45K. This would be new roofs, f...
Shannan Bowen
Funding Recommendations for "Newbies"
Hi All!I'm looking for recommendations for hard money lenders, gap funders and other sources of funding that are "newbie" friendly. I have gathered some information but would like to do a bit more searching before I m...
Account Closed
Refinance question BRRRR
The BRRRR calls to refinance, but this will increase mortgage payments? So how is the increase amount factored in? Also can you take all your money out or do you have to leave at least 25% in the deal?Current mortgage...
Blake Billings
Joint Venture or LLC
Hey BP,I am looking for advice on how to structure a partnership. JV or LLC as partners. What are the Pros and Cons, implications, etc. I currently have 5 units that I have acquired over the last 24 months with my own...