Joe Di Fonzo
First Purchase Made! Multi-Unit Hamilton, Ontario, Canada
Proud to announce we purchased our first multi-family home (triplex):-Purchase price: $320,000-Needs some improvements in each unit (kitchen, bathroom cosmetic modernization) likely to be in the neighbourhood of $20,0...
Michael V.
Good or Bad Investment?
Looking into this property. In need of a second opinion.Price$750,000Property Sub-typeGarden/Low-RiseNo. Units45Property Use TypeInvestmentBuilding Size35,000 SFCap Rate17%Price/Unit$18,000Occupancy91%Property TypeMul...
Cary Forrest
Surprise closing costs settlement fees
In contract to buy a duplex. Really 2 side by side semi-attached SFRs and got a 65% surprise in closing agency fees over estimate - the day after I drop off contracts and escrow check to settlement agent. The title i...
Brandon Metzler
Is airdna.co a good resource for data
I've got a house that I was going flip but after looking at the preliminary data on airdna.co I think it will make a great short term rental. What other websites or resources are available to see data on short term re...
Crit Tyson Williams
Tips for Deal Analyzing
Hey BP,
I am currently analyzing multiple deals in my area every week, including single family and duplexes. Each time I get more and more insight on my local market as well as continually get more sound in quickly ...
Sebastien Hitier
what is a normal upfront cost of a mortgage?
Hello BP.The best I could get for commercial mortgage with my credit and personal profile is 5.5% 5Y ARM. I am refinancing 5 properties at LTV 60%, loan amount is $395,000. Lender is a small local bank.The DD took for...
Kofi Quaye
First time homebuyer IRA withdrawl
Hello,I have money in my 401K. I am leaving my job and I am considering using 10K of my retirement towards a home purchase using the first time homebuyer provision. Can I move my money to a traditional IRA or a Roth ...
Reade Milner
Seller Finance Deal, Low cash flow, but $0 down
My wife and I are considering buying my mother-in-law's house in a seller-financing deal to use as a rental property investment.Here are the details:- Purchase price: $150K - Interest rate: 4%- Mortgage: $668- Expect...
Account Closed
Bird dog fee or sell contract
Hi there,I'm just starting with an investor who is a cash buyer for rental properties.Should I get property under contract by myself and sell him the contract or what do you suggest as the best way to go ahead with th...
Tyler Lushbaugh
Help! : First Time Investment Property Purchase Advice
Hello everyone, I’m looking to purchase my first investment property in my home town so I need to run it by you all to make sure I’m making a decision with my brain and not my heart. 1910 SFH in highly desirable ...