Peter R.
5 Unit Analysis
Hi BP. Looking at a 5 unit, would appreciate some thoughts if you have them.5 units, all 2 bed / 1 bath:Purchase Price: $275,000Mortgage: 30% Down, 5.15% on 20 Year AmortizationTaxes: $2200/yearInsurance: $2000/yearM...
Brad Hornecker
Borrowing a Down Payment from a Friend for a Fix & Flip
First of all, here's the basic info on this flip deal.$450K Purchase Price$570K ARV$30K RepairsI initially reached out to my best friend who has talked with me on partnering in the past. He is a successful profession...
Christopher Pound
Suite Properties in Detroit
Hi everyone. Longtime lurker here ;-). Love this community though, and all the resources BP shares.I was curious if anyone has ever used a PM company called Suite Properties out of Detroit. I purchased 2 turnkeys from...
Justin Grubbs
Circumstantial Advice for purchasing in Erie, PA
Hello, everyone! (sorry in advance if this is a bit lengthy)So my wife and I are looking to move into the city of Erie to purchase a place of our own so that we can be closer to work and entertainment/friends. We curr...
Doug Danoff
What's your formula for insuring a flip?
Hi All,I've found a flip in the Boston suburbs. First one. So many things to work through!I was curious how experienced flippers calculate the insurance they take out on their rehabs. The combo of vacant and builde...
Nikolas Birchfield
I live and work abroad but I want to get into real estate in US
Hello everyone! I am new to deeper pockets but I have been listening to the podcast for a while! So here is my situation, and if there is already a thread with an answer/suggestion to this please link it in the reply....
Violeta Skarpeta
What is a normal water bill for 4 adults (Pittsburgh, PA)
My bill was $120 with 2 people, it went up to $160 when 2 more people moved in. Now it's suddenly $240... Should I investigate a leak or could it really be consumption (like tenants had guests, taps were left dripping...
Danny Ondik
Who to talk to in order to get all tax advantages?
Hello,I was able to buy two rental properties this year (and my only 2), but want to make sure that I take advantage of all the tax benefits possible. I'm assuming I don't go to H&R block to do this. Who should I ...
Lonnie Pickard
Getting a MLO to Understand
I'm hoping to get a little insight and/or suggestions dealing with MLO's.I primarily do lease options & I've been contacting numerous loan officers/brokers explaining that I'd like to send potential clients their ...
Account Closed
Putting more money down vs. higher leverage vs. more investors
I'm looking to invest in a MF property in Richmond, VA and have 2 other JV investors I'm working with. For simplicity, we have $30,000 down and will buy a $100,000 property. Property is a Class B property and the go...