Robert Carpenter
Possible sub2 deal
The Problem1. The seller will take 750K for a house with an AVR of 1000K2. The house needs 150K worth of work3. He won't get out for less than a 250K Down Payment 4. He owes 260K on the mortgage5. His payments are 50...
Eric Moore
Deal or No Deal....
I came across an owner who recently evicted a tenant. He informed me that him and his wife are getting a divorce and his wife would like to sell her 8 plea and 3 plex. He showed me the properties and they are in a B...
James Manzer
Going under contract on my first MFU in Waterville Maine
Hi Everyone! My wife and I are investing in our first MFU in Waterville Maine. Its a 4plex, fully rented, goodish condition. The bigger pockets site, podcast, and books have been critical to feeling good about my d...
Sean Leonard
Need to finance renovations on rental owned by my LLC
So, I have a bad property manager who allowed my tenant to let the property fall into disrepair and, because I didn't choose the contractor he recommended, he has let my property sit untenanted x 8 months, not followi...
Bubba McCants
Purchasing Investment Property for College Students to Live
I am a Real Estate Agent in Panama City Beach and have a son that is going to FSU in Tallahassee. I am thinking about purchasing a single family home or multifamily as an income producing property along with a place ...
Troy Pugeda
2nd Property in Birmingham
Hi - I was hoping to heed some advice from some of the amazing folks here.I am in the process of buying my 2nd property in Birmingham (Center Point). The listing says "Turn Key" and was Posted for $119K. I offered $10...
Christopher Almaraz
First Deal - Wanting to get feedback on the details
Hello, I am new to REI but have been lingering and learning for sometime in the shadows. An opportunity has come up, that appears to check most boxes for me. Basically it is my next door neighbor's property that is i...
Zach Knoll
How Do You Define Cap Ex
As a property investor or manager, it's crucial to grasp the concept of capital expenditures (CapEx) in multi-family properties. CapEx refers to significant investments made to maintain, improve, or upgrade a property...
Jeffrey Suh
Leaky Roof Dont Know what to do
Hey Guys,
Right now, I am in the middle of negotiating on purchasing a veterinary hospital. The owner is asking for $xx for the practice and $450,000 for the real estate. The practice end is ok. It was appraised a...
Kathy Henley
Back on the Market, Six unit in St. Louis
We presented our counter offer on a 6-plex, when another party crashed the party and offered full list price. Who does that in St. Louis! We were out of the deal. Getting that far was very exciting. It meant a quic...