Here is the deal: 8 unit complex. Purchase price would be $325,000. Owner would finance for 6.5% 10% down. Each unit rents for $500. Only 1 unit has been vacant for 1 month in last year. The roof was new in 2016. Cur...
Good day bigger pockets!!I’m needing some insight. My business partner and I have found a single family off market property from a Gentleman who wants to sell for $230k. The home is a 5/4 2250sqft with finished LL i...
Scenario: An REO foreclosure lists for $400k on the MLS. The property appraises for $800k. Will a mortgage lender give me an amortizing loan at 75% LTV (i.e. $600k), based on that appraisal, to (A) purchase the proper...
Hi,
A house in an A neighborhood recently went on the market in my area that has two separate units with separate utilities. The house is unfortunately zoned as a single family. The lender says he can’t legally lend ...
My wife and I finally found applicants that qualify our vetting process. They are a middle-aged couple with no children looking to rent a spacious one bedroom apartment off of us. Our impression of them was that th...
Hello, I'm new to the forum and looking at investment properties in the Greater Louisville, KY and Southern Indiana Areas. A long life friend and I have finally reached a point in our lives where each of us can contri...
I there new to the forum and looking to see if I can find some folks with some knowledge on the subject of building a detached garage. I live in the Baker neighborhood in Denver, and a majority of our neighbors have e...
With the current turbulence in the rental markets in terms of iffy payments and evictions being halted, I'm looking at employing a lease option strategy for the next while as I move from the Canadian market into the U...
Pay off large lump sump
Of mortage or refinance and use money from refi to invest in another property and keep the large lump sum of cash as reserve I have a 3 unit and looking for another rental.
Hi Everyone,I'm a more-or-less total newbie when it comes to real estate. I'm looking to chart a course for the next year or so that involves buying a duplex or triplex and occupying one of the units while renting out...