Hello,My first ground up build will be completed by end of month.My builder states that he’s only providing a 1 year warranty “for any defects or bad workmanship”. Is this standard?What’s the typical industry standard...
Considering buying my first condo to use as a rental and I want to make sure the numbers I'm using are accurate. The source I've plugged my numbers is from an online website. The numbers are based on MLS listing, simi...
Hi BP community,
My wife and I just bought a multifamily for a househack in the Heights section of Jersey city. We are thrilled to start living in our home but it needs a lot of work. The inspection came back pretty ...
Hi all,So when it comes to auctions or foreclosures can you buy a property for a discounted price and get it refinanced. ExampleHouse worth: $300,000Purchase price: $100,000Can I get it refinanced so that I can pull m...
When giving out draws to contractors (30/30/30/10), how do you determine, based on pictures what percentage of the work is actually complete? As in, the contractor has started his first 1/3 of work, calls/texts you an...
How much money should you set aside per door / single family property for emergencies such as covering the mortgage due to vacancy? That's my primary concern with brrrr or any property I don't own outright. 20% or les...
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If you lived in Michigan and found a 20+ unit apartment building in Detroit (or close by) that...
-has a positive cash flow
-is rented at below market rent
-has a cap rate greater than 10%
-relatively good shape
-O...
Finally took the leap of faith once I realized I was a victim of analysis paralysis! Settled on our first duplex about 8 weeks after I first heard this term. It really lit a fire in me! This is what we are working w...