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Do you continue direct mailing during all that current virus situation? Especially finding motivated sellers in preforeclosure.Do you get less responses than 2-3 months ago?
Hi Everyone,
I found this forum after deciding to get into the rental house business part-time. What a great place to learn about all aspects of the business. Thank you in advance for your feedback, comments and ide...
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I found a two family turnkey in NJ. The seller has it listed for much more than a reasonable market price. Turns out they bought it in 2007 (Ouch!) as a owner occupied residence with 5% down... They now live out of st...
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I have a 4-unit MFR under contract and I am comparing financing options for down payments of 10% and below. Not surprisingly, banks are pitching me hard on the FHA loan, which would carry a 1.75% upfront MIP rolled in...
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Hello,
My Dad's friend has 2 (SFH) rental properties free and clear and is retired. He recieves a social security check and his total rental cash flow is about $2800. How much will the bank let him cash-out refinance...
Hey guys,I'm a 23 year old about to buy my first property - 2 Unit (2BR 1Bath each) Multifamily, and I keep going back and forth on if I'll need help managing one side while I live in the other. I realize that it's o...
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Hi All,I'm a newbie investor looking to purchase a few turnkeys over the next few months. I have enough cash on hand to get started with 4-5, but I wanted to take advantage of current interest rates to cashout refi my...
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Happy Holidays BP Family,I'm working on my final graduation project at Illinois Tech focused on Web API/App development and I need you all's help. Problem: From podcasts, articles, and forums, it seems the biggest lia...
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A little background: I work for a multi-family apartment management company, around 2 years experience in leasing/PM. Worked in five different markets over the past year and a half (I’ve travelled all over the country...
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Hey folks, I actually had the idea to post here because of the latest episode of the BP podcast, about Accessory Dwelling Units. I'm in the process of building a detached ADU on my property in order to Airbnb it and h...