Joel Brummel
Operating at a loss, can I turn it around?
I’m a new investor, and I have been looking at a duplex that has come up for sale on the mls. The current rent is slightly below market for the area, but the current owner is also paying for all utilities, including i...
Blaise Doremus
~$600,000 to Invest in Condos/Apartments - Your Advice?
My good friend who is under 30 years old is interested in investing somewhere between $500,000-700,000 into real estate to become a landlord. He is not a handyman and is thinking of buying 2 condos/apartments to avoid...
Allen Moore
Should I Use a Bank or Hard Money on 1st Deal?
Hey BP community! I plan to use private money from family and a HELOC following the appraisal/refinance on my 1st mortgage as the down payment to purchase a 2-4 unit investment property between January and March 2021....
Ryan Sauer
First time landlord as of Friday. Tax questions. Any tips?
Hello everyone,I became a landlord for the first time ever on Friday. My property is a 4-plex in Welland, all units 3 bedroom, 1 bathroom and a basement. Each unit is fully rented, so I provided each tenant with a new...
William D.
Using a HELOC to purchase another investment property
What's up BP!
What are your thoughts on using a HELOC on 1 of my investment properties to purchase another investment property? I'm not even sure if that's allowed. The new investment property rental income would c...
Mike Mefferd
First Apartment Deal Success Story
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $550,000
Cash invested: $150,000
Sale price: $750,000
This was an 18 unit single story apartment complex....
Justine Veal
House Hacking Newbie! Jersey City/NJ
Looking to House Hack my first property. How do I pick a price range for my first purchase if I plan on using a traditional FHA loan? I know that I’m looking for a duplex or a triplex that has more than one bedroom p...
Sam Lewis
Converting townhome from 2 bed to 3 bed
Hey folks, as of yesterday I am under contract for a 2 bedroom townhome in Dundalk.
I walked the property with my contractor and we are confident we can turn one of the rooms in the basement into a bedroom (either t...
Ibrahim Yamini
Buy Invesment Property if Credit Improves or Savings rise?
As a newbie investor, I have a few main priorities; lower my DTI, gain as much knowledge as I can and aquire my first investment property that cash flows well.Currently, my debt is roughly $130K. $70K of it is my wif...
Jamil Barton
Do I need a CPA yet?
Next week, I am closing on my first property. I will be house hacking, living in one unit and renting out the other two. The structure will need some initial work, between some repairs and some improvements, which wil...