Stephen Bernard
Chattanooga Flip Insurance
Hey Team!
New to the game and have my first flip under contract. I'm in need of an insurance policy while holding the property- my team is using hard money. I expect the time between close and sale to be 3-4 months. ...
Ramon Wilson
Why I'm completely shut out of residential properties!
I'm looking to invest in residential duplexes, tri's and quads. I left my W2 job a bit ago and can't find any lenders who will lend based on the cash flow of a property (they all lend based on the borrower's income). ...
Andrew P.
Advise needed on purchasing my 2nd invest prop w/an FHA loan
Quick backstory-So I purchased my first investment property in January. I got extremely lucky, and had it rented out 9 days after closing. It was a turn key property, so I knew it wasn't going to have a substantial ...
Connor Corkrin
Transferring primary residence (funded by VA Loan) to an LLC
Hey BP people! I've recently closed on a property in Baltimore that will be my primary residence when I get back from a deployment in the next few weeks, and have 2 questions that I'd love some help on:1. I am house-h...
Kevin Olson
4 family great location in rough shape..is the juice worth the squeeze?
BP, I have an 4 family under agreement in a affluent town north of Boston, very low vacancy rates and majority single family higher priced homes in the area. Property is located in a great location with ample parking...
Steve S.
If you acquired an 8-plex with $7,200 gross rents, what would be
a reasonable purchase price with the following assumptions:- 25% down- Property taxes around 2.5%- Insurance around $4,800
Josh Dane
Does the 50% Rule Apply to Section 8
I have learned a ton on this website, including the 50% rule regarding expenses (not including P&I). Look at gross rents (for example, $1,000 a month), and expect $500 in operating expenses. Now my question is, d...
George Frye
I need some advice on a possible Apartment purchase
I have run across a great investment. A 28 unit apartment with great cash flow (according to the owner) in a town that is screaming for rental properties. The owner is semi motivated to sale as he needs the money t...
David Baskin
Paying Yourself and Build Reserves
Hello all,I'm looking for interesting ways to pay yourself while building a significant cushion of cash reserves for each property. How do you generally execute this? Do you build up a pot of cash reserves and only th...
John Woodington
Explain To Me Why This Is A Bad Deal
I've been on BP for half a decade now, and I feel like this is the kind of deal that gets labeled as A Bad Deal, and I can't figure out why, so I'd love your input:
My investing parameters: $350/month cashflow per do...