Jay H.
Out of State SFRs, Multi and BRRRRs
Hello BP community, I hope all is well and everyone is prospering well. I am a newbie investor with 2 properties located in the Long Island, NY area. Looking to purchase SFRs or Multi-family properties out of state. A...
John Ignacz
Lease/Eviction question
Hi Everyone,
I'm closing on a townhome(In FL) that already has a tenant in place.
12 mnth lease with about 6 months left on it.
I'm being told that the tenant pays about 10 days late each month but she does pay the la...
Account Closed
Fairy Tales Do Come True..
...it could happen to you ! Well, I finally made the move to Charlotte, and met up with an investor-friendly RE agent, whom I had contacted prior to moving. He had been sending me listings so I got a good sense of the...
Ozzy Smith
The Most Important Thing In Real Estate
So what is the most important thing when it comes to real estate investing? Most say the top 3 things is location, location, location... that isn't even close to the answer! If that were true everyone would buy all t...
Derek Lamonde
What CAP rate do you seek? What do you call a "deal"?
Historically, I won't consider anything in NJ below a 10% CAP which is becoming next to impossible given the taxes. I've considered lowering expectations a bit or working with a wholesaler, but finding a good one is p...
Clayton Barnes
Basement Bedroom Rental Question
What is required for a bedroom in a basement to be legal to be rented in Bloomington Indiana?The room is 11x12 with a closet.I'm pretty sure the room couldn't be considered a bedroom for rental purposes as it doesn't ...
Account Closed
14 houses and in over my head
Hi all, newcomer here. I'm not sure where this post belongs but I'm in a tough spot and I'm not sure what to do.My mother and I have been investing in inner-city properties for the past several years, buying gutted fo...
Eric Hathway
What rate should I expect to pay on owner financed 2nd mortgage?
I am considering a 11 unit building for $700k in NH and only have 10% down. My bank requires 20% down so the owner said he would give me a second mortgage at a rate of 10% for either 5 or 10 years. Is that a high rat...
Kelly Kormos
Advice Needed: Buy and Hold Opp Out of State
Hi BP- Advice needed: I am reviewing 3 properties in another state for buy and hold. I do not know much about this area yet. A friend of mines parents have owned the properties since 1990. They are selling b/c he...
Uzoma Onyeije
Finding the Right Property Fast
Hello--I am new to Real Estate investing but I have a busy full time job as an attorney. I have done a lot of reading and am ready to get started on a wholesaling, flipping and buying and holding. I will use one of ...