Erik Orozco
House Hacking my 1st Property
After 1 year since becoming a member on BP I’ve finally closed on my 1st rental property (4-plex). With this post I hope i can help someone who is new and is considering their 1st purchase get passed paralysis by anal...
Alex Nelson
Portland, Oregon 50k and needing advice
Hello,
I just sold my first property that was my primary residence for 2 years. I did make a few bucks on the sale but now looking to start my rental property collection. I am very interested in purchasing a rental p...
Account Closed
Moving to Whiteman AFB and buying a four plex
Hey all,
I just found out the military is moving me to Whiteman Air Force Base. I am originally from Kansas City so I’m very familiar with the area. My wife and I want to use our second tier entitlement of the VA loa...
Daniel Spear
Risks in Selling Equity in Multi-Family Properties to Investors
Hello:I have been talking to a multi-family property owner who has said that he is considering selling equity in his property to an investor for a guaranteed return. This seems like a great way to leverage your cash f...
Jack B.
Implications of buying more investment rental houses?
I'm looking at the issues and risks for buying more rentals as investment properties:Cons:-Difficult to get your money out without capital gains. Either forced to keep 1031 exchanging or cash out refinance. Could move...
John Voychick
first brrrr project. should i walk away?
After almost a year of studying, trying to get my feet wet on the first deal. We recently just pulled out of one where the inspection came back as a disaster.Part of me just wants to get started on something but I'm n...
Kenny Lincoln
Contractor Pricing Question(s) When Flipping
I would prefer getting fixed price bids from contractors because this will make evaluating profitability easier/faster. The contractor that I've worked with on projects around my personal home has ALWAYS quoted his la...
Vladimir K.
Do you buy out of your State or in your back yard?
Now, I’m always told that RE investing works anywhere. And to some degree, that’s true. However, what is not mentioned that not ALL types of investing work anywhere.
For example, someone who wants to invest ‘SUBJEC...
Scott C.
replace HVAC or not?
I recently looked at a 1996 singlewide MH and found out from the neighbor the HVAC unit didn't work. I deliberated too long about what to do about the problem and the unit sold before I made a decision so now I have s...
Ryan Stirling
Duplex: Owner Occupied
I have been talking with a possible partner and we were talking about the idea of owning a duplex and living in one unit while we rent out the other. We figured with this setup, you could be eligible for OO financing ...