We bought a 3 unit property at auction using private money in March. We made some repairs to the units and approached a few banks about refinancing. We were told we needed a 6 month to 1 year seasoning period, dependi...
This would be my first deal. It came on the market 2 days ago. It's in a suburb of Minneapolis. The pictures on line look good to me. Good condition, decent neighborhood.
Here are the details:
-Duplex. ...
awhile back I was looking to buy a duplex and that deal fell through due to the seller no longer wanting to sell the property. Yesterday I spoke with my grandfathers friend who wants to sell me his duplex. He wants to...
Hey BPers,
I am looking at a 16 unit 2BR 3BR - which need at least $330k in rehab. Currently vacant.
rental income in the area goes for b/w 900-1100.
I was told I should be using income in the last 6 months to run...
I'm currently at a reliable/well-known insurance company.
My agent is very good and my coverage is pretty decent.
My deductible is 1,000 and I'm at replacement cost with
some pretty significant amounts above what I ac...
I have been out of the refi market for too long and now wanting to refi some properties, including our primary residence we bought in 2012.
I listen to Clark Howard, he’s been saying don’t bother with the Big Banks. ...
I've been thinking quite a bit about the issue of appropriate time horizon for holding a rehabbed multi-family property. The idea is to buy a property and rehab it, which make take anywhere from 6 to 12 months. Short...
Hello BP! I will give brief context and do my best to explain the current situation and my goals.
I bought a house with my then girlfriend in 2008 (worst time, I know!) when I was 22. We didn't know what was about to...
Hi Everyone!My husband and I bought our first home January 2020 and looking to get into REI. We want to start small just to get our feet wet with a friend and purchase a SFH, Duplex, or up to a 4 Plex depending on the...
Can anyone speak to whether or not buying a condo as a rental property would be a good investment for a beginner? I don't have a lot of cash, so I am attracted to the price range of condos vs other housing.
Besides H...