Sitaram Koppaka
A new MF acquisition in Cincy
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $700,000
Cash invested: $180,000
MF in a decent C+ area of Cincinnati comprising of 12 units. 1 Unit is vacan...
Jonathan Bebey
FHA occupancy regulations
Hello BP Community, I am looking heavily into buying a multi family property using an FHA loan for a duplex or triplex to house hack. Per FHA regulations I have to live in the house as a primary residence for 1 year b...
Joseph Labit
Cannibas Dispensary Lease rates
I have a retail property that has a vacant space listed for lease. We were approached by a Cannibas dispensary company that wants to lease it out. According to the village ordnance, our building is one of the only if ...
Alexander Witt
First Rental Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $230,000
Cash invested: $57,500
This was/is my first rental property. 2bed / 1bath upper/lower located in ...
Steven Perez
New member in Northern California
Hello everyone,My name is Steven. I am currently stationed at Beale AFB where I am looking to buy my first property. I plan on using a VA loan to buy a property and then turn it into my first rental when I leave. I ma...
Samantha Merkle
Save my small business, buy my strip mall?
I'll try to keep it short and sweet. I'm a small business owner. This is my third successful business and I will be celebrating the three year mark in January. I operate out of a strip mall that has 4 other units, one...
Peter Philando
HUBZU auction won but I'm responsible for removing occupants
Hi All,I just won a HUBZU REO auction which is sold as-is and with no inspection contingency. The property is occupied and I'm responsible for removing the occupants. I would like feedback from the BP community on the...
Robert Andrade
FHA Q:
If you purchase a multifamily that is occupied, I understand FHA gives you 60 days to take occupancy of one of the units. What happens if you cannot get the tenant out within the 60 days? Can you apply for extensions?...
Allen Thomas
Has Anyone Had Success Using Realtybid.com?
There are a few properties that have a lot of potential on realtybid.com but I have never purchased using that site before. I've purchased foreclosures before from HUD, Hubzu, etc, but never that particular site. Do t...
Mindy Heidel
How to fund improvements home equity loan/cash/first mortgage?
I bought the liens on two single family residences at tax sale, the redemption time will expire soon, (and knowing what I do about the owners), I should own both free and clear. One is owner occupied the other is rent...