I am a new investor and I have three prospective tenants (all will be living together). They have No previous rental history, but as a combined whole they make a little over 2.5 x’s the rent. Any advice and/or tips o...
I have been considering various NNN lease opportunities. In my area the cap rates are 3 to 4.5%. This seems very low to me. In the future interest rates probably will exceed this cap rate. There are the advantages...
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Trying to understand if buying my first BRRR / LTR would be worth while in the Portland, OR / Multnomah county area.What are some of the pain points of being a Landlord in Portland as of today, and if you have decided...
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Hi friends,Hope you’re all well during COVID. I’m looking to make my next move and need your advice.My 1st and only property I’ve owned since 2012 I bought for 120,000 in Downtown Orlando Fl, I owe 76,000. It’s rente...
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Hello BP community, My name's Terence (Terry) Eng I'm a software engineer by day and I'm looking to join the ranks of the many successful BP members in this Real Estate game. I've stumbled upon BP about 7 months ago ...
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Hi everyone,
I recently got contacted by an investor who is interested in doing a "subject to" deal on a condo I own. The proposal sounds promising, and I wanted to reach out to see if anyone here has experience with...
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Two years ago, I received maybe one or two generic letters a month from wholesalers asking if I wanted to sell one of my rental properties. Each address would generate a postcard to my mailbox.During the last year, I...
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I'm wanting to invest in a duplex. I have just started investing so I have little money and no credit. Could anyone tell me how a FHA loan can help. I read some about it on other forms, but wasn't quite understanding....
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It appears that loan officers are the gatekeepers to many would-be investors who don’t have a huge savings or access to private loans. My question is, is it important to impress a loan officer and if it is how do we g...
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Hey BP,I was wondering if anyone could tell me if this idea is realistic, or just hopes and dreams. To finance my first property, would it be possible to get a loan for the down payment, and finance the rest through e...