When using a contractor to go in to estimate repairs on a property, how do you pay the contractor for their estimate? Is this an expense as a new investor you must be prepared to cover OOP until you’ve done a few deal...

So I still haven’t purchased a property yet. I am pursuing a 3/1 for 50k right now. The homeowner doesn’t want me to finance with a conventional loan through a bank. He is insisting that I just finance through him at ...

Hi all,I am new here and somewhat new to real estate. I am in the home stretch (fingers crossed) of closing on 2 small multi family homes in Hartford. I'm also waiting on a short sale approval for a third one, and tha...

These questions will be helpful when your seeking a PM company. 1. How long have you been in business?Call references prior to hiring the company.2. Which property management services do you currently offer?Be sure th...

I recently finished the exam and obtained my license in Utah as an agent.  I have a full-time career elsewhere at the moment - only plan on doing a small number of personal deals on the side.  (Likely in high price ma...

Hello BP - I tried to keep this short.I purchased my first and only investment property mid last year. I have had quite the unpleasant, while very educational, journey and now find myself lost and not knowing which di...

Hi everyone, I recently joined the BP community. First, I'd just like to introduce myself. I'm a fairly new investor in the Jersey City area. I bought my first multi-family in 2015 which I currently owner-occupy.  We ...

Hey BP!

I recently got an FHA loan quote from a lender and the total cost down was a lot higher than I anticipated.

Here's some of the numbers

$140k property
3.5% down
Mortgage $980~/mo
Total money down $9,800~...

I just learned that the property management company I am using is charging me a higher price for work invoices than they are being charged.  This "upcharge" is mentioned in the contract, it was never disclosed, and it...

Hello Folks: I am trying to make a checklist in which I want to include almost all the points to be considered in buying a Multifamily or an Apartment complex of 40 or more units. This checklist can anyone use to quic...