Dan Miller
repair cost estimates
I'm looking for some general guidance on rehab costs that I can apply to my MAO formula when making offers. I know it depends on a bunch of things, but looking for general rules of thumb (incl labor). I work in DC, ...
Sean Sloop
Beginner from Saint Paul, MN
Hello BP Community, I am ecstatic to be part of such a community. I am currently saving money and taking steps toward making my first purchase within a year. I am looking in the Saint Paul and surrounding area to buy ...
Donnie Martens
New Guy from Tulsa, Oklahoma
My name is Donnie and I'm excited to start my adventure with Real Estate. I was born and raised in Louisiana and at 18yrs. old decided to join the military. In 2003 I left for U.S. Navy bootcamp in Great Lakes, Illino...
Laura R.
flipping in virginia
Hi All, I was just reading the "flipping in Washington" post regarding the requirement that the owner of a property intending to fix and flip must have a GC license. I have recently become aware that this is also the ...
Brad Washburn
House Hacking Around Boston
Hi all!I recently graduated college and have been saving up to buy and househack a multifamily property (2-4 units) just outside the Boston area (Medford, Malden, Chelsea, Revere, Dorchester, etc..). I’m looking to b...
Justin Matthews
Condo Deal
Hi all,
Please help me analyze this deal for a condo.
Asking Price: $43,000
Offer Price: $40,000
Down Payment: $8,000
Rent: $900 per month
Monthly payment with mortgage, insurance, HOA. ...
Ryan Melander
Duplex - low income rental property
BP community!I would like to get your thoughts on a duplex in a low income area.This is a property in Louisiana in an oil and gas town, so it has room to grow. The property currently has a contract with the state hou...
Matthew Krieg
Newbie in Indianapolis, IN
Hello all!I’m a 37-year-old father of two looking to find some long-term income options for college and retirement.I have little to no real estate experience outside of purchasing two personal residences (selling one ...
Nnabuenyi Anigbogu
New FHA guideline
Hello all,I have a question about a new FHA guideline that my loan officer just informed me off. He said that starting in Jan 1st, FHA does not allow you to count rental income from a property that you are departing u...
Lindsey Iskierka
Minnesota Rental License
My husband and I are looking to purchase our next rental property in Duluth, Minnesota. While researching we found properties that have "rental licenses". What are these? Does this mean that homes without a current...