Desmond Fielding
First SFH Rental - 6 Months In
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $240,000
Cash invested: $30,000
My first investment property. I bought it 5% down with a traditional 30yr mortgage....
Mike Engler
Borrowing money from a family member
I'm on the cusp of purchasing my first multi-family/commercial property. The question I'd like to have answered is, if my father is willing to "lend" me the money to buy this property, but does not want any interest ...
Brandon Evans
Analyzing single family rental
We are interested in buying a single family home rental in the $250k - $300k range. Looking for general analysis investors perform in the current Raleigh market to determine if the numbers make sense? Seems like there...
Ismail Sogbaike
Determining repairs cost
How would i determine the amount cost for repairs, and is it normal for repairs to be more than what the home is listed for?
Kevin Guo
First Time Investor in Multi family apartments-Chicago
Hello All,New to Biggerpockets and real estate investing. My game plan is to purchase 6-unit apartments and retaining 1-2 units for myself while renting out the rest. I plan on putting down 20%, if I can get the finan...
Nick L.
Looking for Insurance recos for a 4 Unit and 8 Unit in Chicago
Hello BP,I hope everyone had a great Thanksgiving holiday and wish everyone Happy Holidays!I have two buildings in the Pilsen area of Chicago that I would like to shop insurance for. One is a frame 4 flat and the othe...
Eddie Pitts
Credit Repair
Hello all, I am working my way back into real estate investing. I lost all of my rentals back in 2011 due to foreclosures. What strategy should I employ that can help in improving my credit.
Sarah Moore
Unsure about getting into class C and D neighborhoods
I have an opportunity to purchase a portfolio of ~120 units in a class D area. The properties would need some renovations as tenants cycle out, but the whole comes fully rented and with a management team in place. I'm...
A Bee
Cash out refinance or keep existing loan?
Esteemed BP readers,I recently posted my first question and was happy to read everyone's posts, thank you very much :)My question has to do with a potential cash out refinance on a 4 unit building in Los Angeles. Sho...
Andrew Reid
Is there such a thing as cashflow target? Examining a property
I am considering purchasing a 4-family property, living in a unit and refinance to remove PMI after a year or two. After the following expenses, 1) Property Tax 2) PMI 3) Hazard Insurance, it would cashflow at about $...