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Hi BP,Though I'm tightening my criteria and making fewer offers as we wait to see how this unfolds, I want to be sure I'm covering my bases in any offers I make so I don't end up in any tight spots due to issues that ...
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We purchased our first rental last year and are looking to scale up this year. In doing so, I am analyzing a property for a potential BRRRR and/or flip. Property was owned by a hoarder (shockingly enough the property ...
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Scenario: I buy 3 properties in an LLC and the properties are rented with a net income of $30,000 a year.I leave that money sitting in a bank in the name of the LLC. Each year I use the entire rental proceeds to reinv...
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I'm just getting into investing slowly and learning about multi-family and renting. Let's say I've landed a duplex property and it has month to month tenants on both sides. What would be the next strategy to move the ...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Atlanta.
Purchase price: $650,000
Cash invested: $150,000
Strongly performing triplex in the Virginia-Highland neighborhoo...
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Spoke to a couple of lenders recently who mentioned FHA loan minimum credit requirement is now 640, not the 580 I initially heard. Possibly due to Covid-19 adjustments. Not sure. What have you guys heard or know anyth...
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Hi Guys, so my business partner and I have an investor looking to invest in a multi-family property we are about to acquire. His investment will go towards acquisition and stabilization. We will give him a guaranteed ...
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I'm working on my first flip property and currently shopping for insurance right now while waiting for the inspection. I talked to one local agent so far and the quote was a little over $900 for a 6-month builders ins...
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Hello!
The condo I live in was bought using 5/1 ARM back in 2005. The ARM rate began floating in 2010 and since then the interest rate has been around 2.625% with next adjustment happening in April 2015. I ha...
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I have a deal for $135,000 with 0% interest. This is in the form of a promissory note in exchange for the house. The seller is worried about tax liability down the line. Instead of a $135K loan at 0%, could we say som...