Patrick Menefee
Purchasing an occupied 4plex - are my tenants actually squatters?
Yes, yes they are squatters.I'm in the process of purchasing an occupied 4plex that has been on the market for quite some time (will be an exciting post in the Completed Deal Diaries forum once it's all complete). The...
Paul W.
Are these prices for real on Cleveland
I just looked at a property at 14308 Lakeshore Dr in Cleveland. It's a 17 unit brick building for 255k, with a cap rate of 24%. It looks nice from the few pictures.
In the Phoenix area that would cost over a million...
Axel Ragnarsson
Becoming an agent and have $20k - what do I spend it on?
Hi everyone,I have a question for all of the agents here on BP. I have been investing for a couple of years and ended up acquiring my real estate license last year (I want to transition into real estate as my full tim...
Joel Case
Just starting out, what's the move?
Background:
Currently FHA financed on a SFH where I live. Bought for $125k, remaining balance $60k, appraisal should be $175k. Currently pre-approved through the VA for $400k but lender said $500k is an easy reach. I...
Dannielle Givens
Does the location of the house on the lot affect home prices?
Hey BP Chicago Fam, my husband and I are currently looking for a home to house hack that will be cash flow positive at least by year 2 of us living there (we expect to relocate back to Florida in year 2 or 3). We foun...
Kevin Beres
Put my first offer in on a great prop and... I didn't get it, How can I strengthen my future offers?
Hello,Last week I put an offer in on a duplex in Richmond, VA. The numbers looked great, I was planning on utilizes the rent hack method at the place and it was close to my job. I put an offer in that I thought was fa...
Frankie Woods
Using your 401k loan as Reserves
I'm struggling with the "where do you put your reserves" debate. I'm pretty confident that relying on credit cards and lines of credit may not be wise in a black swan event. In that regard, if you have $50k in a 401...
Cheri Crane
Have $100k for Investment - Best option
I live in Tacoma WA. I recently bought a duplex & am rehabbing it for good rental cash flow (have 1 renter currently).
This leaves me with 100k for Investment. What is the best option to build my real estate ho...
Jennifer Lulofs
Windows - Refurbish or Replace?
Hi, I recently closed on a SFH in northwest Denver that was built in 1898. In general the home is in good condition with the most notable exception being the windows. All the windows are wood, single pane and origina...
Adam Craig
Do you have a bunch of checking accounts?
Right now I have 5 different checking accounts for 5 different rental properties to keep everything separate. Is this common practice? Seems like when I am at 20 houses, having 20 checking accounts/20 debit cards/ ...