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Greetings BP fam – I acquired a 2-unit in Chicago in late February 2020 with the intent to BRRRR. Top-line numbers:• Purchase price: $45,000 cash• Rehab estimate from Project Manager & Contractor: $100,000• Conser...
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This came up on Facebook today ..."Just got a 3 month deferment on my mortgage, all I had to do was call the bank. Call your banks people, so you won't have to put your renters between a rock and a hard place."I'm not...
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I have a closing scheduled in the next 2 weeks but I am worried that I might be overpaying for this property. Agreement signed when there was no pandemic and even then the cost was significantly above the market price...
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Hello everyone. I’ve recently joined bigger pockets through a co worker of mine to learn and possibly get into real estate game myself. While I was researching information my mom was currently in the process of sellin...
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https://nypost.com/2020/03/21/hero-landlord-lowers-rent-to-100-amid-coronavirus-outbreak/I would imagine not many of us would be able to do this financially, but it's a good gesture.
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Hi BP Team,I have an investor in the middle of his BRRRR and would love your input.He purchased a duplex for $1.1mm. He financed 80% with a 30yr fixed at 3.75% and hard money loan for the balance at 3% for 2years. Aft...
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I was in the process of purchasing a REO, had conventional financing but was in the process of switching it to a FNMA Homestyle loan due to the appraisal calling for repairs before closing. Then my lender contacts me ...
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Florida's governor, Ron DeSantis, just suspended vacation rentals for two weeks in an effort to stop the spread of the coronavirus. Even advertising your vacation rental on websites like AirBNB and VRBO (or by any oth...
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I'm a real estate broker in Saint Louis, MO and I worked as a property manager for 10+ years. I recently lost my full time property management job right before the Coronavirus outbreak. Luckily my wife works for the g...
Hey BP, I'm brand new to the real estate world. I went to a meetup a few months ago, looked at properties every other weekend for 3 months and ran analysis and bunch of them. I finally found one that looks good to me...