Good evening,I have been listening to podcast, reading, and analysis deals and have had some up and downs. I finally felt confident to put offers on deals. I started with a Triplex then Quadplex but on both deals the ...
Ok so I have a current deal that I know I can buy for $47,900. It appraised for $103,000 last year, it is a foreclosure property (divorce). So after looking at those numbers it seems like it is a great deal. However I...
I'm considering using a PML and putting up a rental property I own out-right to buy another investment property for cash. It would be a 50% LTV. The lender would be the mortgage holder on the Deed on the propert...
Hello BP, do lenders look at and/or consider rental property income when applying for a loan? In other words, let's say I make 60K from my W-2 job and 5K from rental income annually. Do lenders even consider the 5K as...
Hello all! My name is Will and I am in the Baltimore area. I am a new investor. I am getting ready to purchase my first property. It is the home of a family member, a 3/2 townhouse in the city, 896 sqft, and needs...
Hello. I've been doing a ton of study on Sub2's recently and have a question. Does a Sub2 include a written agreement that if I the investor were to not make payments on the original loan, then the seller has the r...
Hey B.P Family...
I'm currently working on a deal. The seller wants to sell nine condos in Milwaukee, WI, in the Brown Deer Area (nicer side). Each unit for $30,000. All are in good condition and nicely kept. One un...
I live in midwest ohio which is supposed to have some of the highest cap rates in the country and I am consistently seeing low B grade multifamily properties selling for 7 percent cap rates, is the competition really ...
I am a first time home buyer looking to invest my money. I have been looking at homes for quite some time now.
Any one that knows Denver, knows the market is red hot. I want to buy a
home just west of Denver in the ...
Hello all, I'm looking to build a couple houses with the same contractor I've been using for rehabs. The average rehab costs is around $35k, but these higher end houses and new construction ranges from $120-160k. He...