Ray Reed
inherited 85 year old tenant but rent is way below market
Hello BP,I recently closed on a 5 unit property where all of the units are way below market. With the current rents I am operating at a $200 monthly deficit. All of the residents are on month to month leases and this...
Michael Robinson
Short Sale bought with Self-Directed IRA
I bought a short sale in Jan 2013 for all in of $54,000 with Self Directed IRA. My plan at the time was to spend about $15K and rent for approximately $1200. The seller, who entered into short sale, approached me at...
Chris M.
My condo complex needs $12,000,000 of repairs
an asssesment was done at my condo project, and it turns out tons of emergency repairs are needed. estimates range from $2-400k. Also non emergency repairs / phase II repairs costing up to $12,000,000. They'll be t...
Account Closed
Duplex Analysis
Need some insight from the tried and true movers and shakers here. Carlton Sheets need not apply.
Side-by-side Duplex built in 2006. Market rent of $650/side. Purchase price of $50,000 and max rehab of $3,000. Ba...
Anthony Caleca
Starting a Real Estate Development project
Hello guys and girls this is my first post so try and take it easy on me, but ill give you a little insight on what i would like to do. I'm 24 years old from new york city and my dream is to invest in properties and d...
Arti Ta
Mortgage broker for conventional loan
What's the 30 year term mortgage we could get with 20%-25% down with no fees?
Jesus Garcia
High number of Pittsburgh Rental Units
Hi,I'm curious about the high number of rental unit openings in Pittsburgh vs the population. Are people generally seeing that they're able to rent their units in a reasonable amount of time? I don't have much data on...
Sharad M.
Gas prices
How much are you paying per gallon for gas? I paid $3.94/gallon last week.
And are the high gas prices having any impact on your business? If not, will it have any impact if the gas prices rose higher to $4.50, $5, $6?
Anthony Gayden
My First Deal 4 Plex in Phoenix
Well my first deal is done. I am the proud owner of a 4 plex in Phoenix, AZ. Before I go into the details with the numbers, I should tell you about my goals. I want to get into commercial multi-family real estat...
Neha Wadhwani
Cash out refinance in Austin/ Round Rock - Need help
I am looking for some help from BP members in the Austin/Round Rock area to get cash out refinance broker contacts. My existing contact has increased the closing costs so I am looking for alternate options. I am not i...