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I went over to one of my tenant's unit at a 4plex I own in Kern County, CA yesterday. When I knocked on the door the tenant tried to not let one of her dogs out. It squeezed between her and the door and immediately b...
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Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...
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I'm looking at a 40 unit in my area that is currently for sale and owner operated. I understand that the value of in apartment complex is based on the NOI. The owner of the property self manages and doesn't count his ...
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So here's the situation:I have a house (mortgage), good credit, and a job- and big Faith! :)I figure I need $30K to start investing... I know about the no money down deals but beginner investor and it will be a challe...
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Hi all,
I have a verbal accepted offer on a house for $48k, with a long term tenant since 2008 paying $625 in rent (subsidized by County). The cash flow is bad at $75 on a 30 yr. But, it's a big 3/2 in a decent area...
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Sadly, my father passed away leaving my brother and I half of a paid-off house. It is in an A neighborhood. About 40 years old. All major stuff done 8 years ago. It would be silly not to buy my brother out on this ...
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OK, since it's a very popular topic here and both sides don't seem to agree on anything (like the world we are living in right now), I'd like to offer you what I saw (from an "almost" 3rd party perspective) and hopefu...
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Those who have been in the industry for a few decades, or are familiar with US history- is this the worst time in U.S. history to have a non-paying tenant?On a national scale, has HUD or the CDC ever taken such drasti...
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As a few of you know, I'm working on getting my rental operation off the ground. I have an idea I want to bounce off you regarding loans for rental properties.
I will be forming at least one LLC to run this operatio...
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Hello, everyone
I'm interested in any experiences you've had with a hard money loan to complete construction on an existing property. One of my partners owns a successful entertainment business next to Camden Yards ...