Maricruz Romero
Philadelphia research - long distance investing
Hi BP!
I am starting my research of the Philadelphia area. I am interested in doing the BRRR strategy for small multi-family properties or single family homes. I am from NYC and not familiar with the area so would ap...
Shawn C Steider
Buying a Mobile Home Park for the first time
I have a chance to buy this trailer park with owner financing for 185k with a 17.3% down payment (32k) at a 6% interest rate amortized over 15 year term with a 5 year balloon payment. Right now it is at 40% occupancy(...
Evan Hyde
Seeking feedback on this deal
Hello! This is my first post and I've been loving the BP forum and podcast for a few months now. I came across this deal and it seems pretty good. I need to figure out what to ask this seller.
Here's what I know now...
Alex Palladino
Is anyone in the Seattle area?
Hey guys! I’m brand new to real estate. I don’t know how close or probable I’d be able to buy my first multi family property given my current circumstances, however, I heard Seattle’s demand for rentals right now are ...
Loc R.
Need some thoughts on being diplomatic
I'm in final negotiations on a 4-plex that needs to be completely renovated.
3 units are vacant; the 4th one has a bedridden (as in 600 lbs) tenant.
There is no relationship between the seller and the tenant, but he...
Sungwoo Choo
West Seattle Condo Rent Market
Here's an accidental landlord trying to rent out my West Seattle (North Delridge) condo after moving out but no luck for 3 weeks. Thought about selling out the condo, but it seems condo market in North Delridge is pre...
Courtney Benson
Philadelphia (Super-Seller’s Market)
So I’m watching money literally be DUMPED into Philly. A triplex I went to see last month has star-bolts through the face of it to prevent more structural issues, and the back of the property is MISSING... just sold f...
Robert Scholl
New investor in Houston
Hello,
I recently introduced myself on the new member forum. I'm really glad to be here. But it's been information overload for me. I'm reading multiple books, listening to BP podcasts (amazing information there!), an...
Alisha Decoteau
Letter of Intent & Proof of Funds
Does anyone have an example of the LOI and POF? Does the POF have the exact amount the Investor is willing to pay for?Our position is: My partner and I have looked at the #'s the #'s add up to around the asking price...
Allison Dorman
Tulsa OK? Looking to buy MTR
Although ultimately I would like to grow into a smaller multi-family unit, I want to cut my investor teeth on a Medium Term rental and am looking at Tulsa OK.I have been working on setting up a plan for furnishing (th...