Andrew Meyer
Duplex in IN
So I am looking at a duplex, I will be hosue hacking, but that isn't really affected by analysis.It is a 2 unit, 4/2.5, with 1 car garage each side, built in 1994 with 3400 total sq ft (~1700 ea side). It is in a midr...
Steven Lewis
Purchasing Second Investment Property Advice
I purchased my first investment property in 2014 all cash under my LLC. I am looking to purchase a second property and am running into several difficult options.1. I am unable to pull out the equity from the first pro...
Bill Zepeda
Personal property left inside of Auction.com property...throw away?
Hi BP Community-I recently purchased an Auction.com property at the courthouse steps. When I went inside the home I discovered a lot of "trash and debris" left behind (as seen in a typical foreclosure scenario). The...
Account Closed
New Investor to the Grand Rapids Area
Originally from Arkansas, I have just moved to Grand Rapids, MI in Kent County. Looking to explore the market here and look at Multifamily homes for rental properties.Looking forward to meeting more of you!
Andy Sturm
Is the 1-2% rule still true for a million dollar multi-family?
Does anyone have experience in expensive multi's. I was wondering if the 1-2% rule of thumb can still apply. I'm not concerned on number of units as I am the initial cost. If the purchase price was $1,000,000 (no reno...
Mia P.
25% Down on a Duplex?
Is it standard procedure for banks to require 25% down for a mortgage on a duplex? Or could I find a conventional lender who doesn't?
Diana Dorantes
My first FSBO, agreement on price, but want to ask for reduced $
So found a great 3 bed, 3 bath all brick. Walked the property and later the same day agreed to a price, no contingency. Here’s the issue. Had an inspection and found big issues with the support beams in the crawl s...
Joseph Richardson
Should I refinance, rent, or sell my first home?
I purchased my first home in a nice Indianapolis neighborhood two years ago for 126,000. It was a HUD home, and I am currently living in it. The comps are anywhere from 175,000 to 200,000 once rehabbed. My current loa...
Cody Rousseau
Property Management--Illinois, West Suburbs
Hello everyone,I have been listening to, "The Book on Rental Property Investing," by Brandon Turner and it sounds like a good property manager is hard to come by. Most property managers are terrible, I think I heard i...
Dani Beamon
My 1st Deal- MF 6 Unit, Need to Refi. Any Suggestions on Lenders?
Hey BPJust closed on my first deal a MF 6 unit. Fully occupied with long term tenants. I used a HML and am looking to do a cash out refinance. Any suggestions on how to proceed?