I can buy direct from an owner a 3 family at 155K. Here are the rents, $800, $750, $550. All rents without utilities. Taxes $350 per month. Estimate on insurance $150 per month. Not sure about maintenance, snow, lawn...

Hey BiggerPockets!

So, my wife and I are looking to do our first deal. We are in the Metairie, La (New Orleans) area and it seems like everyone else is also in the market for multifamily properties. We've...

Hello, Everyone! First of all, I would like to introduce myself to the forums. I am a recent 22-year-old college graduate with a structural engineering job in St. Paul. I am also almost ready to commence my homeowners...

I've seen several multi-family home listings suggest that a 25-33% expense ratio was not only possible, but commonplace. In my properties, I've been operating at about 50%. Is this something that comes with economies ...

Hello BP!Can someone please explain to me IN DETAIL how Hard Money loans work? I understand that they look at the ARV of a property and then lend you x% of that (usually 70%), but what are the actual steps of getting ...

Hello I have a potential customer that has been approved for a Short sale on his current home.  (he is upside down big time- owes $220K worth $105 ) and has $15K to put down on a house.  I am looking into purchasing a...

In between my day job and keeping busy while bored, I stumble accross houses that would be great investment candidates. Essentially, I am finding "driving for dollars" leads. I'm not yet committing full time to wholes...

There's a chance I may be able to avoid using a trans funding company for wholesaling an REO I have a contract on. I was looking at having to do a double close, with trans funding for A to B, which will eat into the p...

How can I find the bank who foreclosed on a property and secondly should I approach the bank for the property or wait till it reaches the court house steps?

I got a call two day's ago from a lady who was very frantic. I had given her boyfriend a business card several months ago so she gave me a call in order to git rid of her rental home.. She is not a LL by choice and sh...