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Situation: I've got this deal I'm working on where a shortsale was initiated by the current owner. The sales price ($37,000) was approved by the lender and we made an offer for $35,000 that was accepted. I got the...
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Over the past few months I've become aware of Fund & Grow as a financing option (I heard about it on the Clayton Morris podcast), and I was really intrigued by it. Their promise: You give us $3K up front, we'll g...
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My BP Landlord Community,
One of my tenants messaged me and told me that she won’t be able to pay her rent on the due date. She will need two weeks extension. She sounded very confident as she had done someth...
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Hi BP,I’d like to generate a fresh thread to address an issue that is catching many new investors by surprise: The 6-month Seasoning period.I’m now on my 3rd Rental. It was time to give the BRRRR strategy a try. I pur...
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Hey Everyone,
I just found an apartment building for sale at what I think is a great price, but I would like a second opinion. Here is the information:
List Price: $345,000
Units: 16, All 2BR 1BA
Rent Price: $600 per...
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Hey everyone! So for those of you who’ve followed my previous post on getting my first rental property via seller finance, I wanted to follow up and get some insight on some of the terms we’ve agreed upon and accepted...
Hi all,
Like many others I am new to real estate investing and decided I would finally stop thinking about it and actually move forward with trying to purchase, rehab, and sell my first investment property. I feel li...
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Anyone still thinking that they are going to find profitable deals like duplexes, fourplexes, and good singles family home to rent at potentially 6% or 7% interest rates and current asking prices?
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Let's say there was a 24 unit apartment complex that you wanted to buy. The complex is actually composed of 6-4 plex buildings all on separate parcels. Would it be better to finance through residential mortgages or th...
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My tenant has been in since Nov 2018. Out of the 4 months, he has been 15 days late for 3 months. My lease states rent is due on the 1st. It is late as of the 5th and there is a $50 late fee as of the 5th. He consiste...