I’ve done about 20 apartment turns to this date. I always seek a higher end product, it helps attracting new tenants and things like wiring, overhead lighting with switches, in each room, all new interior solid core s...
I have a married couple prospective tenants that look ideal; credit scores above 800, previous homeowners, etc. Rent is $2400/mo so I require $7200/mo income. Husband is currently unemployed (due to COVID) and wife m...
"I'm selling the flower shop" said my retired father.
"Are you sure?" I said with some hesitation.A retail storefront with 3 apartments in Chicago.
Owned free and clear, grossing 5k a month.
Why sell?
He received ...
What is the biggest reason people fail as newbies in real estate investment?
Hello BP!I am a new RE investor out of Colorado. I'm looking to start investing within the next year or so. (when the market slows down????) I've read a few books and I'm gathering cash and information currently. ...
Hi folks! This is my first post on BP (yay!) I appreciate all the advice on this platform and love being a part of this community.I just came back from Las Vegas where I was looking for my first investment property. I...
hello everyone,I am about a year away from graduating school down in southern MA and am currently saving every dollar that I can to start my investing journey with a bang! My parents and I are investing in the Fall Ri...
I just finished the 1st chapter of No/Low Money Down and learned about FHA + 203k Loans which gave breath to some ideas. Tell me why this won't work! For example...Say we found a foreclosed house in Oakland. Let's use...
Hello, I am a new member on BiggerPockets platform. I am interested in the best city for rental properties- that brings in decent/ good cashflow and appreciation somewhat. I am kind of stuck with Ohio. I don't know wh...
Hey!
I wanted to reach out and see if anyone had any experience getting a multifamily unit using an FHA loan.
Specifically,
1) How does the process work?
2) Do you find a property and pitch the “idea” to a bank?
...