Gurjot Grewal
First Ever Property: last 2 days of due diligence
I don't know what more info to request the seller while Im still in this period.
My numbers are. Duplex fully remodelled to studs, all new mechanicals in 2021. 228k purchase, 10k repairs, 1250-1350 rent a side. (125...
Joseph Griffith
House hacking in high-cost areas versus in low-cost areas?
Are there differences to consider when house hacking in a high-cost area versus house hacking in a low-cost area? Does this change depending on whether or not I make a 20% downpayment?
Noah McPherson
What are the dangers of unpermitted work on properties?
Hey BP,I'm considering buying a duplex with a completely gutted upstairs unit. With a bit of framing, it could easily be a two bedroom unit. What is the danger of just doing it? Does anyone have experience with this?
Christopher Pearson
Need advise on structuring a loan for 100% financing
We have an offering on a piece of property for $300K. We have a real appraisal for $360K from two years ago. Property has increased in value somewhat, do not know how much. The mortgage company I work with does both c...
Edward Casano
Calculating Property Tax in NYC
Hi All,I recently began my search for a multi-family property to buy and hold in NYC and have been getting caught up in the tax calculations. I worked with a couple different lenders and they didn't completely underst...
Timothy Allen
Hello from Western Massachusetts
Hello,
I'm from Northfield, Ma and have been lurking the forums for a little while now so figured I'd make an introduction to see whos near me in Franklin County. I've been reading and learning as much as possible ab...
Brandon Spence
New Investors in Columbia, SC
Hi Guys,My wife and I have bought and sold several houses over the years and now we're looking at buying rental property near our home in Columbia, SC. For those that aren't familiar with Columbia, it's the state cap...
Benjamin Carver
Navigating Fort Worth Property Tax Records
I am learning how to navigate tax records in Fort Worth, so I can verify deals that have been sent to me from wholesalers. I found the Tarrant appraisal district website, and that's about all I could find. It has gene...
Michael Glunk
Buy & Hold Deal Analysis Advice Needed
Hello All! I was hoping to get some thoughts on this deal that I am looking to buy and hold. Any thoughts are appreciated. Thanks,MichaelPurchase Price: $120,000Rent: $1,800 (It's currently under contract through July...
Brian Tremaine
Multi-family in SD or SFR in SJ?
Hi,I'm trying to decide if I need to change my strategy with a SFR I own in SJ clear & free. The market value is $675K and the rent is $2400 (below market but includes a recent increase). My NOI as a % of equity i...