Hi BP Community, I have a triplex under contract that I'd like your help in analyzing. I have experience with single family homes, but none with multifamily.The contract price is 215k. Rent between the three units i...
I have a deal for a good 2 bedroom condo in the works..
Purchase price is 232 with 20% down (46k) it's a short sale so I don't have much wiggle room.. upon my mortgage application I was quoted $11,100 for total clos...
Hi, newbie buy and hold investor here! I wonder what's the best way to manage or bookkeep rental income so I set aside part of the money into profit and future expenses such as maintenance, capex, tax, etc.
If I leav...
Hey all,
I’ve got a potential deal in Ishpeming, Michigan that I’d like to get some input on my evaluation results:
TLDR; Property cashflows $190 but the COC return is only 4.9% due to assumed soon needed repairs (...
Hi all,Currently looking to buy a single family home for short term rental. Given the declining housing market, how have people been adjusting their bid offer? Are people trying to bid lower than the asking price? Obv...
I'm speaking to all property managers out there who can help me understand this. I just let my manager know that my friend contacted them through Zillow about my listing. Its been a week since she's heard anything ba...
Good afternoon,I received an offer on 4 units in March. Buyer already purchased 100 units in the same complex 2 years ago. He really wanted my units because he wanted all the complex under his management so I decided ...
Hi BP. I have a 3/2 rental in Mobile, AL rented for $855/month and am looking for options for getting the fence repaired or possibly replaced after storm damage. Existing fence is white picket at the front, and 4’ pri...
Hello my name is Jorge I live in Springfield MA and I currently have a single family home that I currently own and live in. The value of the property is estimated to be at $244,000 and currently owe $173,000 so I'm tr...
I am writing to share my experience in the event that it is helpful to someone else.I am purchasing my first house (a duplex) in the city of Buffalo, New York via the FHA loan, and I had initially used Bank of America...