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We have a deal in front of us and we need a little advise. Some friends put us in touch with this deal and we want to help them and ourselves to a win / win1100 s.f. house 3/1.5 in an ok neighborhood. Clean the carpet...
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I live in Columbus, OH and am looking at doing my first multi family deal. On my local MLS I see multiple 4 unit (2 bed 1 bath) properties at approximately $100k asking price that rent for $500+ per unit or $2,000+ to...
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I'm going to be closing on a short sale duplex this week and inheriting tenants in each side who are on month to month leases. My loan conditions require me to reside in the property, so I will have to give a notice t...
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Hey guys I'm a newbie land I have a (probably dumb) question about mobile home rents and lot rents. I was looking at a park earlier today (just practicing making offers!) and I noticed they had some junky trailers and...
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Hi BP,Yesterday I finally closed on a my first property, a multifamily. I was so excited because I think I bought a good deal - cash flows well, bought under the appraised value, most of the units are recently renova...
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HI BP!WE PUT OUR BACKS TO WALL AND REALITY HAS SET IN! WE ARE OFFICIALLY STARTING OUR FIRST FLIP! I'VE DONE SO MUCH RESEARCH AND FELT SO PREPARED BUT NOW FEEL LIKE A DEER IN HIGHLIGHTS! I FULLY UNDERSTAND THAT TIME IS...
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Hello BP,I currently own two 4 unit buildings. Both buildings came with inherited tenants, and lower than market rental rates. My initial intention was to clean up units and raise rents as tenants move out, but I ha...
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Hello Everyone,I've been listening to BP for a year now and finally ready to house-hack! I'm wondering if I should create an LLC for my first duplex in Massachusetts? The purchase makes sense now because of my fiance'...
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Hi all,I'm in the process of buying my first building, a 4-plex, and we had the inspection last Friday. Everything was OK, except that water is getting into the building at the wooden joists in the basement (big no-no...
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I just received a counter offer back for a duplex I plan to wholesale. The seller wants me to change responsibility of title insurance from "seller" to "buyer" (ok, sure). Include terms of financing I am seeking (I ...