Dena Wesley
Seller does not want to clean out property
Hello everyone,I went under contract on a mixed use property back in late June that I'm converting back to a duplex. My agent sent over an addendum to extend the closing since I'm using a rehab loan and I also had add...
Nick V.
Pools at Rental Properties - Good or Bad? Keep or Fill in?
We are in the process of buying #2. (Waiting on financing, hope to know soon.) Anyways the house details are below.This is a SHF, that we plan to convert to a duplex. (2-2bedroom units) The lower unit will have 2 big ...
Nicholas Moffett
8 UNIT PARK ---- OR (6) 3/2 SINGLE FAMILY BLOCK HOMES --- ???
MOBILE HOMES VS HOUSES with 200k in cash ???? I read ZALMAN VELVELS book on mobile homes and the book was simply eye opening into the world of mobile homes. I HIGHLY recommend it even for the seasoned investor.So I...
Harry Williams
What to plan for management/maintenance for 20 units?
Looking to purchase a 20-unit B class multi-family piece of real estate with a partner. We both have full-time jobs so our time will be limited. What type of management/maintenance should we plan for this type of oper...
Larry Zucker
Running out of DTI on conventional financing
New to BP and really enjoying the great information in the forums.
I have two rental properties purchased in the past year with good cash flow. They are financed with 20% down through a conventional loan with a port...
Logan Vierstra
Would anyone buy this?
Is there any type of investor out there who would buy a deal like this? 3 bed / 2 bath 1400 sqftPurchase price: $300,000ARV: $360,000Rehab:$0 (let's just assume)Currently Rented at: $1900Cash flow: $830/monthCap rate:...
Jaden George
Im 17, trying to set my self up for my first property.
Hi guys, I’m seventeen and trying to set myself up to easily buy a multifamily property before I am 20 within my college town (right now it looks like it may be either Daytona Beach or Jacksonville, FL). I was wonderi...
Teresa Thomas
What would you do???
My husband and I just paid off all of our bad debt with a HELOC, 28k, two months ago. It’s now paid down to 26k. We pay roughly $1000 a month on it now. Our home is worth 275-280k. We owe 205k on it. Our credit scores...
Garrett Culpepper
Best way to hold a property?
Hello and happy Monday. *Lending/mortgage question.* We are in on a local project, completed, but was over the time frame and over budget. Cost due to HML $280k, cost due to GC $17k, ARV 425k. The house was listed abo...
Chris Heeren
ROI on First Duplex - What do others shoot for?
I'm currently closing on my first Duplex at the end of the month and would like to know what others can realistically expect for an ROI? Here are the numbers I'm projecting, please pick it apart and let me know wh...