Naeem Boucher
Got the 1st! Working towards 2nd Property.
Hello,Im 26 years old and I purchased my first rental property almost 7 months ago. It's a two family property that I was able to use FHA financing to acquire. The house cost 168k and the taxes are about 6k a year w...
Stuart Chinworth
Multifamily Syndicator in Texas
Hello all! I find myself in a similar situation to many real estate investors who evolve overtime and want to enter into larger deals. Naturally this has led me to the world of MF syndication. Knowing that each operat...
Larry H.
Electrician Wants 50% up front
Flipping my first house and first time dealing with sub-contractors. The electrician that gave the best bid wants 50% up front. I balked at that and he said he can do 25% up front. He said he doesn't want to fund i...
Alvin Uy
If you had access to a $900k HELOC, what would you do with it?
Ok.. so I was able to pull $900k+ worth of HELOCs between 2 of my 5 properties. I decided to temporarily leverage some of that equity into a property Im flipping (ground-up/new construction) here in Los Angeles. Th...
Joaquin Caballero
Lets create the BP LIST OF FLIP FRIENDLY LENDERS!!
In responding to a post on this forum titled "Losing Buyers", I thought of an idea...
Why don't we all contribute to creating a list of "Flip-Friendly" Lenders that don't care abotu title seasoning or only look for a...
Tom Plyler
Sub2 & POA
I'm working on a Sub2 deal and have been reading tons of posts here on BP. I know I need a POA but would like an actual example of the specific language some of you use to address the immediate and longer term issues...
Jeff Warner
Do it yourself "Yellow Letter" - A how to guide!
First off I'll start with my disclaimer:
This is MY version of a "Do it yourself" yellow letter. I know there are other ways to do it and companies that you can pay that will d...
Frank Ma
Besides financials, what else should i look into for multi-family
i am evaluating a multi-family investment opportunity in Houston. The financials make sense. What other key factors should I look into?
Vishesh Shah
Help! Need Advice Whether to Close or Back Out of a Solid Deal!
Hello fellow BP'ers, I have a slight issue at hand right now. A few months ago, I acquired a solid deal - 2 two-families that are adjacent to each other in Paterson, NJ for $125,000 each. They were off-market and I kn...
Chris V.
Deal Analyses - Estimating Costs
Deal Analyses – Estimating CostsA while ago I wrote a series of posts ranting about the current state of the residential income property market in Stockton, CA. In each post I highlighted a current listing and argued ...