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Happy New Year, BP Community! I am currently under contract for a 14-unit MFH property. I was told that the seller is old (in her 70s) and both the seller's broker and her attorney are having a hard time getting thing...
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Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
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I went to my first ever tax lien auction on May 20, in Franklin County, Tennessee (my home county). TN is a "hybrid" state -- if you win the auction, you get a first lien on the property, and if it's not redeemed wit...
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Hello everyone, I'm sort of new in buying multi-unit properties. My client is looking to widen his portfolio in real estate and love the idea of multi-unit, considering that he will just rent out the units and not sta...
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I have been working with a real estate agent on a potential flip property. She contacted me today saying the listing agent said that the potential buyer would have to buy the property with cash or conventional financi...
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I realize I do not have a ton of posts here on Bigger Pockets, but I can’t emphasize enough the impact BP has had on me in a short time. In the interest of community and sharing success stories with others that might...
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Went to the building dept in my town today, I have some electrical work that needs to be completed in order to get a clean certificate of occupancy, anyway they said that i needed a licensed electrician to do all of ...
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Hello everyone! I want to chronicle my first BRRRR investment and hope to share a success story with all of you. My main purpose is to help new investors, that are thinking about jumping into real estate investing, ge...
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So I currently have 65 long term units that I own and I recently purchased my first property that I'll be going the STR route with.Basically, I just bought a large (4300 square feet) cabin on Lake Superior that is ess...