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I got a lead yesterday on a 2/1/1200sqft home on .3 acres that's adjacent to a 4.75 acre parcel bought last year for $4 million to develop high end apartments. When I say "adjacent", I mean it actually borders the...
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I just purchased my first condo on Whidbey Island. I feel like I got a pretty good deal. It was a foreclosure and had been on the market for over a year. I found it using the MLS. I used my VA loan to go in with n...
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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...
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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...
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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...
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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...
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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...
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...
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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...
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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...