Hello BP community!
First time post and I'm sure not the last. I'm a NYC resident and have been seeking to invest in an affordable market where it makes sense. I came across what I think is a great deal in Endicott,...
Has anyone had any experience with getting around the seasoning requirements for rental income? With the properties we own, all of which are financed, we have reached our max debt to income ratio. From what we unde...
Greetings,
I am looking at deal as follows:
6 plex with total rents of $2300 per month.
4 two bedrooms and two efficiencies.
Owner willing to finance 15%.
The building is currently sep...
Hello BiggerPockets community! Can you please help me analyze this deal.Property type/description:2 Family - unit 1: 3bd/1b + Unit 2: 4bd/2bMarket rent in area: 4beds/1bath (rare): approximately $2000-2200 / 3bd/1bath...
Hi all-Similar to what so many have done before, I plan on using this forum post as step-by-step outline of the steps I take until I close my first few deals. First a little background on myself:I am a 26 year old guy...
I see a lot of multifamily listings that have the price set steictly on proforma numbers. I always hear to set your offer price based on actual rent rolls, T-12, current NOI. Cap Rate, etc. However, I come across a lo...
Hi everyone
My wife and I are in a little bit of a pickle. We have a Tenant that is in violation of their lease because they have an additional pet on property.
We inherited the tenants from the purchase of the rent...
Hi all,
We currently own condo (2/2) in Honolulu and approved for $250k HELOC. We’re deciding to whether to take it or sell it to obtain fund to start investing in real estate. I am not experienced, but would like to...
Hello, I have a friend that is trying to sell her house. she doesn't speak English well and has been trying to sell her house for several years now. she doesn't seem to trust realtors and has backed out of selling s...
Need your input/advice with a predicament I am in: I was misled on the property of Roof by the seller, who claims that it was prior owner's time. I am currently in contract on a house in the suburbs of Austin, TX. A...