Matt H
How should I finance this deal???
Here's the deal:
I'm buying a 29 unit building for $820,000
I have the first in place at: $620 at 6.5%
I have a second in place for $50k at 6%
I could get another loan for $150k at 16%
If I did it this way it wo...
Howard Soon
BRRR Strategy in Market Crash/Recession
Hey All,
Been doing a lot of research and trying to wrap my head around the idea of the BRRR strat right before a recession or economic downturn. I know it'll eventually happen, but how would the numbers work out?
I...
Tim Porsche
Duplex in Muhlenberg Area of PA - Need Analysis
Hi All!I have a duplex I'm looking at in the Muhlenberg area of PA. It's in a decent neighborhood, but the schools aren't great. Listed below are the numbers. Could you please let me know what you think? Would love to...
Sean Ryther
Would someone double check my numbers on this property for me?
BP community,I'm looking at getting into my first rental property and have a duplex I'm looking at and ran the numbers and wanted to get another set of eyes on the deal.The information is on the below linkPrice - 195K...
Chad Reed
Personal Financing for my Home, My rentals as hurting me
I have ran into an interesting financing situation and I know that this community will help me like they have so many times before. My wife and I recently moved to Pittsburgh and we decided we wanted to rent for a y...
Account Closed
Multifamily Lenders and House Hacking
Hi Everyone,It's been about a year and I am still looking for my first deal. About two weeks ago I thought I found the deal that I have been waiting for only to find out I wasn't doing my math right! This week however...
Valerie King
How Long Before You Can Take Out Another Loan
Here's my plan. My first home will be a multifamily residence (duplex to quad) with a loan in my name. I live there for the two-year minimum. (Doesn't it officially count as an income property after that?) Then my boy...
Chris Silvas
$60k deal, $3k/month cash flow
I have a deal and am looking for a private lender. This deal will only be about $60k for purchase and repairs. I am looking to buy and hold. By the way, there was guy on BP who reached out to me and referred me to som...
Justin S.
Old 3Unit and looking for advice
I'm negotiating a 3unit all 3 bedrooms built in 1840 and needs a lot of work and just had a skunk get in and sprayed in one of the units. I'm going to do a construction loan at 5.2%. Any suggestions on removing the ...
Lucas Mills
How does this duplex look for my first house hack?
Here is the property with me living in it: https://bp-v-newproduction.s3.amazonaws.com/upload...And here it is after 5 years when both units are being rented and the MIP has dropped off: https://bp-v-newproduction.s3....