Kenneth Stump
First time investment of multifamily need advice.
I am looking at some 4-plex properties in central texas and wanted to ask if any of the Pros could tell me if this would be a good deal? I think the price is to high.
Asking price is $245,000. Taxes are $5256 a year...
Daniela Tomescu
Buying a RV/Mobile Home Park
I have made an offer on a RV/Mobile Home Park and hope to start my due diligence period soon. The park has 40 sites, 11 park owned mobile homes and 25 RV sites. 3 sites are non-performing. Most residents are full time...
Tran Chau
Guaranteeing an LLC for an Apartment Purchase
Hi all! I'm currently looking at an apartment building where the purchase price is around $1.25m. If all goes well, the plan is to purchase the property through an LLC.I spoke with a commercial lender the other day an...
Randy Johnston
Sell as Potential Triplex, or Break up the Lots
My partner and I have a property in SE Portland that is in the final stages of development for a duplex.We purchased the property with the intention of rehabbing the home on the front end of the lot and then partition...
Sarah Manshel
Your Favorite 4 Midwest Cities in 2018?
I'm considering investing in the Midwest. With all the available options going into 2018, which cities or towns are your favorite 4 (+/-) prospects in that area and why?If you're planning to invest there as well---wha...
Wendie Heie
Detroit Advice
I'm new BP member but have been reading this forum for the past 2 months. Congrats on this forum BTW.Fantastic site. It has served to be source of great information for me. It also is nearly solely responsible for ro...
Quentin Crayton
How to land the deal..
I have two properties on contract that are located in a neighborhood that was hit pretty hard when the market crashed. Local investors seem interested, but none responsive. The area is filled with properties bought by...
Kevin Brandner
HELOC's on Investment Property in Cincinnati
Hello BP,I've done some searching of the forums and haven't found any names of lenders who will offer a HELOC loan for a paid off investment property. I purchased a 4 family in cash recently. It was the best way to ...
Janice Traub
Pending Divorce & Upside Down VA Loan
HOW CAN I STRUCTURE A DEAL?This is ridiculously sensitive as I just...literally 5 min ago, learned that a good friend will be divorcing after 12 years of marriage. I was the selling agent on the property which was pu...
Nick Wehrley
Sell One to Build 2?
I have a 4/2 1550sqft rental (1945 build) that I’m considering selling to potentially build two 2/1 ~700-800sqft houses. My first rationale is the smaller homes will attract the type of tenet I’d prefer compared to th...