I'd like to pick the brains of everyone on what you'd do in this scenario:Multi-unit property is up for sale. Motivated sellers who are no longer in the area, which makes them even more motivated to sell. Property o...
Preparing Loan Requests That Get Funded Lenders are driven by many factors; one of them is self-preservation. Simply put, no lender wants to make a deal that goes “upside down” Therefore, a would-be borrower, wants to...
When running numbers on an investment property, I focus more on equity growth than monthly cash flow.
Here’s why:
If I can acquire a property at a low basis and add significant value, I can:
1) Sell and reinves...
Hello everybody!
I'm still trying to set up my plan and instead of asking the same on BP question "What strategy to choose" I'd like to ask a couple other questions.
1. Could you tell a short story about you first de...
Investment Info:
Single-family residence fix & flip investment in Portage.
Purchase price: $53,000
Cash invested: $56,000
This was a 6 month estimated project that turned into 1 year, and still g...
My broker brought me a deal for a Tri-Plex , I’m wondering if you all think it’s worth pursuing.Here’s the breakdown.Purchase = 200kRehab = 20k2 units rent would bring in $750ea1 larger unit would bring in $1000Not a ...
I am very excited to have become a member and I am very eager to connect with anyone interested. I have been involved in the construction process of many flips over the years and finally decided I was on the wrong si...
Hello BP Community! I have recently closed on not just my first, but second multifamily property purchase within the last two weeks! These properties are being treated as out of state investments, and i have hired loc...
I wanted to shed some light on our current Covid-19 situation and speak to capital raising.
Yes, some companies are at a standstill and some investors and debt firms are not lending with the uncertainty of how long ...
I have an idea. If it could be done or has been done or you can shoot some holes in it that would be great.
I'm trying to help out my in-laws they want to walk away from their property they there is $20k+ in equity....