John Magana
Early payback with creative financing!?
I am about 6 months away from starting my investment journey meaning starting the process of buying my first property. My question is this. The seller is asking $340,000 for a property. I offer them 250K at 3% seller ...
Ronald Fontenot Jr
1st Post - BRRRR - Looking for opinions on this deal
First time posting...I'll try to be concise.Found a 3-2-2 listed for 150k. Rental comps are $1600-$1700 month.Assuming full price offer accepted, the plan is to do 20% down (30k) with a 10k rental rehab and assuming $...
Kevin Chan
NEWBIE QUESTION: Out of State MFR? Which Market? How to Manage?
Hi BP,
This is my first post and I'm looking forward to building a connection to the BP community. I'm new investing in MFR and RE in general. I live in the greater Seattle area and work full time in the software ind...
Brian Huber
Does the 70% rule make sense on lower priced houses?
Hi, I've been looking at properties in the $30-60K range. Some of these need a lot of work. For example, I'm looking at a house on Realtor.com in Charlotte, NC for $27,900 that probably needs the following:New roof ...
Andreas W.
Getting ideas how to finance a five SFR deal
I have the opportunity to potentially acquire a package of 5 SFRs. After calling my regional lender, I was told that now they limit mortgages to four instead of ten but they said if I put the properties on one cont...
Zhou Ye
South Side Chicago vs South Chicago Suburbs for turnkey rentals?
Hi! I'm a new investor with around 500k cash to deploy and I've been looking at turnkey rentals in particular. I spoke with Justin from ProfitFromRentals and he mentioned that they've been mostly transitioning to So...
Tyler Blodgett
Better to leverage personal assets, or reduce monthly expenses?
I know this is more of a personal financing question, and it could go either way, but I was curious to get some thoughts on the matter. I currently live in the crazy state of CA, and always have in the back of my min...
Amy E.
Newbie Analysis
Hi,
I've wanted to try to buy a SFR in my local area for awhile now. Unfortunately, I can't meet the 2% rule in the average housing price area. I finally realized I needed to go to the lower middle class ar...
Jared Rollins
Investments in Cleveland Ohio and Baltimore Maryland
Does anyone know the best neighborhoods to invest in both Cleveland and Baltimore. And what to be wary about. I’m new to the area but know friends that have had good luck. Looking for flips and multi family holds
Amanda Williams
Beware of Finance of America
Hello Fellow Investors,Just wanted to put a word of caution out there about Finance of America Commercial. I recently was approved for a LOC of 2.5 million BUT quickly discovered they are selling a bag of goods that t...