Carlos Velasquez
I am in the process of purchasing my first buy and hold multifamily
I am making sure I do not make a mistake because this is my first buy and hold. It is a 3 family with a seven car garage (which I could eventually turn into an extra apartment) it is currently being sold for 220K and ...
Scott Carson
10 Tricks to Calling Banks For Notes
I've noticed several current posts on note investors looking to call banks directly to track down note deals. I've been doing this since 2008 and I thought that I would lend some knowledge and tips on what we have do...
Tim Shanahan
Realistic Expectations on Profitability and Headache
Hello, all!My business partner and I are working on getting our first deal, which has proven difficult. Our goal is to get a 2 - 4 unit property, with minimal rehab needed, already rented units (ideally), for around $...
Jackie Chiles
Debating Firing PM Company
My wife and I have owned a property on which we've lost money on for the last 6 years or so. It started out as our primary residence in 2007 and stayed that way until we moved out of state in 2009. When we moved, the...
Derek Venhuizen
Landlord's Ability to Terminate Lease
Can a Chicago landlord terminate a lease at any time (i.e. no issues / paying on time etc) with written notice prior to the end of the term? How many days written notice to tenants is required?Background: I have a 1...
Mike Alder
My private lender assures me I have unlimited funding for deals
Hello BP Fam,Yesterday I was personally delivering payments to my private lenders. I've always delivered payments to my local lenders in person partially because I'm crazy but I feel it's good business to thank invest...
Philip Bashaw
Determining Current Value Based on Rent Rolls and Condition?
Hello BP!I am very interested in multifamily investing. Initially, I want to start with a small apartment building with 12-20 units in a good area with high occupancy rates. I live in Atlanta, GA where there are loads...
Connie Willingham
Help with ReFinancing an Underwater Loan
I have a rental townhouse assessed at $114,000. Bank loan at $121,000. I'm $200 out of pocket each month to meet the mortgage and it needs a new roof. Wells Fargo owns the loan, but Bank of America services the...
Emily Gorski
Leverage Equity in our Bklyn Apt for first investment property
Hi everyone- Emily and Colin here!We closed on our apartment in South Slope, Brooklyn in March 2018. It was a condo conversion, so after a few years of lawyering up we negotiated 30% off the asking price of the unit....
Cristian Rivera
The first step!!!!!!!!!
Hey guys, I recently purchase my first house and I'm planning on renting out three rooms while I stay in the master. It is located in Denton Texas close to Mayhill Rd and I35. I am planning on charging $600 per month ...