Hello! I'm looking at purchasing my first MFH soon (duplex or triplex) via a conventional loan. I got a quote from a local Minneapolis lender which was 25% down and 5.625% interest rate, no points. Should I keep sh...
Hello BP world!I apologize if this may have already been asked/discussed, but here's the gist of it: I purchased a 3-unit property at an awesome price (under $50k), in a good area, that needs rehabbing! Estimated tot...
Hi everyone,I purchased a "turnkey rental" package of two properties from a management company in Feb 2017. However, after almost one year they're still vacant. It did have to go through a construction period, inspe...
Hello my name is Juan Castillo. I live in North Saint Petersburg. I am looking to start in REI as a wholesaler.
Figured Id make a intro, though Ive been on here a little while. From Monterey, CA a beautiful little overpriced city along the coast. Ive been reading whatever I can get my hands on for the past couple months in my s...
Hello BP community, I'll be using the BRRRR strategy with my properties and considering hard money lenders. My questions are, how does a hard money lender expect repayment of the loan? In one lump sum after a pre dete...
Selling a property I rehabbed a couple of years ago. I've accepted an offer and the process of the sale has started. Didn't think I was going to do a 1031 exchange because I was going to use the money for repairs on a...
I came across a mixed use property listed on Loopnet for $650K - it's a steal in our area but it's based on really deferred maintenance - somehow this property still yields close to $6700 per month based on very creat...
Hello everyone I'm Kayla. Orignally from Chicago but I currently live in Oklahoma. I'm brand new to the real estate world and would like to know if there are any pointers you would give someone who is very new to this...
Hi allI am looking into have a reverse 1031 exchange. Any recommendations for a exchange facilitator? Your input is much appreciated. Grace