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Hello BP,
I am about to make my first offer $161,000 for a 2 br 2 unit building. Income will be at least $2200($1100+ ea). Taxes are $5,000 a yr. I have to put 25% down. I'm guessing ins will be $1600 a yr.
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Anyone have any feedback on buying a STR and transferring the reviews over? What we understand is that you can't transfer the actual account, the dates that are already booked need to be cancelled and rebooked which s...
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Hello everyone! My name is Chris and I am a Firefighter/Paramedic in the Central Florida area. Over the last couple of months I have been immersing myself in learning about REI through books/podcasts and browsing thes...
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I am looking at various markets in my region to begin purchasing some multi's. Hamilton and Middletown (near Cincinnati) seem to have some properties with good cash flow potential, but limited obvious appreciatio...
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Hi,Does anyone have a checklist they use when signing lease agreement of items to collect from the tenants and to do items prior to them receiving keys to the property? Items such as: Driver License, Call Utility Offi...
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My name is Tommy I’m 22, from Chicago and brand new to real estate. My dad and I were talking about finding single-family home that we could turn into three units. So a basement big enough to put two bedrooms and a ki...
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Hey BP Community!
I thought I'd share my most recent HOA nightmare to shed insight on the things that can happen when buying in a condo building.
I currently own and rent out a 1 bedroom condo by downtown Denver. Th...
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How are most JV deals structured with other investors or HMLs? I talked to a HML about a JV deal in my area and his terms for the structure are.......
-Set up the property in a LLC
-He has 51% ownership rights in th...
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Investment Info:
Condo buy & hold investment.
Purchase price: $222,300
Cash invested: $15,000
2bed 2bath condo in Orleans, Ontario. Originally bought as a property that I was going to live in. Jo...
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Hi,We have a commercial restaurant tenant that is interested in selling his business to one of his employees (the chef). The prospective tenant has good personal credit however does not have much in assets nor very m...