Hello BP Community. I am looking for input on whether or not this would make sense to someone with a bit more experience than I have. I am thinking this might be the least expensive way at the moment to start out in R...
Hi all. Got a fuzzy question i cant seem to get clarity on. I own an investment property that i have a primary mortgage on. I also recently got a heloc on the property but havent drawn down on it. I am considering a 1...
Dear BP community,This will be my second investment property. I have two main questions 1) financing; 2) whether to leave the home an unofficial Duplex (it has Licensed Neighborhood Commercial zoning) or convert to a ...
I am at a crossroads and need some advice.
My goal is to have enough income from my rentals to quit my job and manage full time. I think I am about 7-10 more houses away from acheiving this goal. Currently I have 9 re...
I've provided a drop box for tenants to pay rent in the laundry room of a 12-plex I own. On the 5th of each month I empty the drop box and take the payments to the bank for deposit.This month I received 11 of the 12 ...
I have an apartment building that I want to purchase its annually cash flow is $66,300. If we raise the rents to the average rents in the area it could possibly net annually $85,000. It needs somewhere in the neighb...
I am interested in a Land Contract for an investment property in Michigan so more funds would be available for additional property purchase. If I am able to pay cash on a property, say worth $100,000, what are the con...
Hello everyone,I will preface this by saying I am new to the real estate world and have little to no experience at all so if what I am asking is not possible, or stupid, feel free to say so.I am in the process of find...
I am looking at purchasing 3 duplexes, but the 20% downpayment is going to eat up all of my current capital. These will be my first deals. My wife and I are currently employed and have large savings. Should I pass on...
I've found a 4 plex that has piqued my interest. It's recently remodeled and vacant, but ready for renters. It has one 2/2, two 2/1s, and one 1/1. I've run analysis conservatively and it seems it will cash flow fairly...