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It seems like multi families are suggested as the way to go for passive wealth building....And it also seems like most multi families (4 units or less) are geared towards lower income. So what are you guys renting the...
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What underwriting rules do u apply when assessing mf complexes? I heard management is 10%, vacancy is 10%, what maintenance percentage, etc?
TIA
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Hello Bp friends, I am looking for a lender that is VA loan friendly. So, the issue I am having currently with all the lenders I've spoken with so far is that they are not willing to allow me to us my GI bill as addit...
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I am looking to do my first deal in the next year to start my REI career. I am planning to purchase a single-family home to house hack for a year then move into a 2nd property while renting out the 1st. My questions s...
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I am looking at a 10 unit building in Michigan. The owner wants $200,000 for it and he will do a land contract at 6% with $50,000 down a 5 year with 30 amortization. It is a mix of 1 bedroom and 2 bedroom. It is low...
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Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up. So...
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I am looking to purchase my first property for 136,000. I was curious as far as what I should do or if I should even invest in this property 1st or look for something else. I am currently a teacher in South Carolina...
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There is a lack of new housing nationally… and this will not be fixed by our government or anyone else anytime soon. FYI: the median cost of a house in the U.S. is currently $263,000http://www.politico.com/agenda/stor...
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My name is Ryan, and I just joined BP this week. I want to get into REI and I'm looking for some help figuring out whether/how to pull off a house hack. We currently own a 3bd/2ba split level, appraised around $168K t...
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Hey Everyone,Been analyzing a series of deals during the last 2 weeks and I keep coming back to this one. The current owner retired and has moved to a different state. He's tired of coming back to manage his propertie...