Brian Sorensen
How do you evaluate a historic house without comparables?
I have an bank accepted contract on an REO house for $140k. It's a beautiful old craftsman 4 bdrm from 1910 but it has wood single pane windows, no insulation, and only one bath on the main floor. My agent estimates A...
Al Mcbee
Asking bank to ok a Sub2 deal or Lease Purchase?
I have a potential seller who wants out of their mortgage. I was trying to decide if it would be a good idea to get the banks approval for me to do a sub2 deal with the owner of the property? If I don't, I'm afraid on...
Chester Transo
Common Capital Repair Expenses For Older MHP
As a long time lurker, but first time poster, I have to tell you all that I am really impressed with the quality of the posts and all the awesome cooperation shown in this forum.In an older post Jim Johnson said "In o...
Michael Baradell
Advice on strategy
Hey BP,I'm in search of guidance/advice on how to best accomplish my REI goal. I'm looking to purchase/control around 10 properties in the next two years in a specific market. The market that I am looking at is a very...
Lance Borden
Making the numbers work
BP nation,In my market, turnkey (rent-ready) homes are going for $140K - $150K and renting for around $1 per sf. Now - you can get a distressed property for $110K - $120K, but by the time you fix the foundation and gi...
Patrick Flanagan
What is considered over leveraged?
My plan is to buy 4 4 plexes over the next 4 years. Im living in my first one currently. In my area they sell for 700-900k. So after 4 years I’ll be 3-4mil in debt to the bank.I’m a avid listener to Dave Ramsey, I bel...
Jeff Schemmel
Attic furnace - Is there something I can do here?
I have an up/down duplex in St. Paul, the upper unit's furnace is in the attic, and blows air down through the ceiling. It's tucked under the corner of the south side of my roof as you can see in the photo. This is ...
Grace Olinger
New investor looking for advice- househack property analysis, CPA
Hello everyone,
First of all, thank you for all the information that everyone has provided on this forum, it's very helpful for someone like me who is new to real estate investing.
I am a first time homebuyer who o...
William Laurent
My first negotiation with a Motivated Seller
Hi My name is William Laurent.I just got my first meeting in person with a motivated seller after made my first mail campaign, and I would like to share with the BP community, to get some feedback about it, that can h...
Ari Archer
Is your home just another property?
I just started looking for my second property which got me thinking about the role of my home. Is it important to separate your home when thinking about real estate investing? I'm curious if anyone has an approach/phi...