Derek Hutson
Will this get me a quick credit boost?
Hello,
In the next year I plan on buying my first property,
however because I don’t have much credit history I will need to boost my credit score to get financing.
The broker I am working with has told me to leave ...
Matthew Roberts
Expenses for Multi-Family Properties
Is there a resource on BP with a list of all the expenses a multi-family owner can expect? Taxes, all the different insurance types, maintenance, etc... I have what I think to be at least 95% of the expenses covered, ...
Sam Lee
analyze this 4 unit deal
Currently looking at a legal 4 unit in logan square in chicago. Seller is asking for $699k which is way off what the market would ask but the property brings in $66k/year in rental income with the opportunity to incre...
Sam Horton
Keep or Get Rid of Above Ground Pool
I am closing on a 2 family with a great upside for creating a 3 family plus additional storage space for increased rent. The home has a large fenced-in yard with an above-ground pool that was installed in 2021 and inc...
Paul Wakefield
What does the cash flow path look like?
My wife is under the impression that you can’t make money on Real estate until a home is paid off. It’s definitely a point of contention for us. Can someone tell me what the path looks like to financial freedom? If my...
Wojciech Grajewski
What would you do in my situation?
SITUATION 1:I purchased a house with a VA loan (this means I cannot rent it out) for $225K located in Long Island NY. The current mortgage is $200K. The current rental value is $2,400. The PITI on the house is $1300. ...
Jason R. Besanceney
Getting my first property and more
Hello, I am currently saving for my first house hack and want to figure out how I can begin to get involved in real estate as soon as possible. The market where I currently live is super expensive as most of Californi...
Bruce Archer
Is garage conversion to make a second bedroom a viable option?
Hi All, thanks in advance for the feedback. On a 1 BR duplex, Is garage conversion to make a second bedroom a viable option to increase rent and ARV? Thx, Bruce
Christian Beebe
What to do with empty land next to apartment buildings
So we have a 48 unit complex with two buildings facing each other. Next to them is a large decent amount of land, in southwest Ohio, filled with trees and such. There is enough land to build another building easily ...
Nathan W.
NNN Lease Option Periods
About 11 years ago I purchased a NNN Ground Lease with a couple of friends. 6% CAP | Corp Backed National Tenant | 10% rent bumps every 5 years | High Income Zip CodeIt had a fresh 15 year NNN lease in place when we p...