Hello all,
I am fairly new to BP as is evident with my question.
My wife and I are graduating college in December and we want to buy our first rental (duplex most likely). We will probably need an FHA loan in order ...
I was set to close on a house today (currently in it's redemption period of foreclosure) but the appraisal last week discovered that the square footage had been listed as more than 250sf over actual, taking the price ...
Hi everyone,
I am so close to making an offer on a apartment deal that I like. It’s in Dallas Fort Worth area with around 6% cap.
Some value add opportunity to raise the rent and potentially exit in 2 to 3 years.
Cu...
Since about the end of 2011, and well into the first quarter of 2012, trustee sales are being overrun with greedy bidders representing hedge funds and foreign buyers. I’ve heard countless stories about Canadians biddi...
I am selling all 3 properties I have inherited with interested buyers for all. The value totals up to close to 800,000$. Me and my wife are creating our own llc to put it under and want to start investing but aren't q...
Hello,There's a duplex that's going for $250k, with gross cash flow at $1900. Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. I've got a HELOC that lets me borrow up to $63,000 at a Va...
Hi BP! Quick and easy question for all the new or soon to be new landlords out there. What's your biggest fear of becoming a landlord?I am here in Chicago and have had pretty good luck so far with decent tenants, ho...
Hi Everyone,We have been planning to move the ownership of our rental property into our LLC for tax reasons and to protect our personal assets. However, our lawyer has informed us that it could be problematic because ...
Hi BP Community - I want to buy my first property this year or early next year but I am very new to the game. I've been listening to various podcasts and doing my research.. I am going to start reading some books as ...
Now 31yrs old, I have been interested in real estate since I was 20 but never looked into it or got educated. I thought I needed a decent job and had to get my ducks in a row first. Now married with a 1yr old and anot...