Brittany Hart
Finish the basement
My husband and I are in the process of buying our first 4plex. The units are 2 bed 1.5 bath and have unfinished basements. We plan on finishing the basements to bring in higher rent. We are also upgrading the kitche...
Simon Kearns
Worst case scenario, input and ideas welcomed!
Hi.So i firmly belive that the global financial markets are teetering on the edge right now.What im interested in your ideas are how that would affect someone like me and what steps to take to limit that exposure to r...
Aaron Rowzee
New Member from Beaumont, Texas area
Hello BP! A newbie here from the Golden Triangle. I've been lurking for a few weeks and decided to sign up and do a few webinars. Looking forward to learning and networking in my area. I am currently in the IT field a...
Joe Partington
Need a lender for down payment for a 24 unit purchase!!!!!
Hello,I found a gentleman willing to sell his whole portfolio (10 duplexes and a four-plex.) He wants 1.8 million for it. All units are in good condition. We need to come up with a down payment of $360k. The wife a...
Keeton Byerly
25% Expense Ratio - How to I get it?
I've seen several multi-family home listings suggest that a 25-33% expense ratio was not only possible, but commonplace. In my properties, I've been operating at about 50%. Is this something that comes with economies ...
Jose Herrera
Should I buy or build on my backyard
I refinanced my home and pulled some money out. I am not sure whether to use the money to buy another property or build in my backyard.
I have checked with the city and I can build two apartments. I feel like buildin...
Oye Alle
Good? areas
Hi I am about an hour south of Washington DC in Virginia, I have been trying to get deals on the MLS primarily (I'm an agent) in my local area, I am primarily looking in my immediate area and up to 10 miles south. As...
William H.
debt to income ratio over 55%
Hello all,
My problem is I am having trouble finding financing because my debt to income ratio is right at 55%. The lenders I have talked to say it needs to be around 45%. How can I get financing? I have the ...
Timothy J.
Flip #1 - 4/1 SFR in Blackwood, NJ
This flip is our first official one. We are going to close tomorrow. Here are the details.Address: XXXX Elmwood Ave, Blackwood, NJ 08012Description: 4 Bed, 1 Bath, 1382 Square Feet SFR. Purchase Price: $60KRepair Budg...
Michael Oldani
Guidance
HiI am very interested in getting into REI. I've been reading books and reading articles on different ways but I'm still a little confused. At first, I wanted to flip houses then I heard something that it was a big he...