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How does everyone estimate value for a duplex in a neighborhood where there are no other duplexes? I'm sure there's no exact formula here (I hope I'm wrong about that though!) but what would be a rough way to approxim...
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Hi guys! I wanted to share a quick case study of the BRRRR. This is one of my favorite strategies in real estate! I mainly love it because it's doable to anyone! It doesnt matter if they don't have a lot of funds, don...
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Hi everyone. I'm looking at a 5-unit property. It's a house that has been split into multiple units but the tax records list it as a three family. How does this affect lending? Would this be a residential or commercia...
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Hey guys,I have a few questions on refinancing raw land, hopefully, someone can lend a little advice on whats been running through my mind.We have a 7-acre parcel of raw land in Prince Georges County, Maryland. Inheri...
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Hi everyone,I am looking for a bank in the SW Grand Rapids area that loans on the "brrrr" strategy. The banks that I have talked with want 1 full year of ownership before Refi.Thanks for the help,
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Hello - I am considering homes for a primary residence with potential to airBnB or short term rental some of the space. I have seen one that may fit the bill (no pun intended). I am seeing comps in the immediate are...
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Hello, I'm new to BP, but not new to Investing. My question to the group is what ideas do you have to make your offer stand out to a seller. Now that we are competing against retail buyers what can we do? I like ...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $238,900
Cash invested: $90,875
Contributors:
Mike Ernest
Long-term buy & hold property....
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When investing out of state, can you use a loan from your local bank or do you need to use a loan from the area you plan to invest in? Thanks for the help!
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Hi Everyone,I recently met a man who was interested in selling his house to me off market. I’m trying to think of some creative financing. Can I do seller financing if they don’t own the property out right or would th...