Hi All, I am in contract to purchase a studio condo in WNY, NJ and want to have anyones thoughts on the financial situation of this building. It is approximately 200 units and audited financials revealed that they are...
Long time since I've been on here due to a recent move and job change or sorts. To start off, we bought a house in 2010, lived in it for 3 years and moved. We have been renting it out successfully ever since. Most rec...
So this deal fell in my lap out of nowhere, but it may be too much for a first timer.Sales price: $140kARV: $195k3/1 1160 sqfThe place is a wreck. There is no surface that can be left untouched. Rains over the weekend...
I am excited today to submit an offer on a Fannie Mae property. Its an attached twin sfh 3 bed 2.5 bath approx. 1450 sq feet. Approx 22 years old. List price was $99k, I offered $73k all cash , settle in 21 days, and ...
Hi all!I'm in Chicago and have an offer in on a 4 unit multifamily in the suburbs. I'm shopping around for homeowners insurance - do I actually have to call all these different insurance companies? Rates are conside...
Hey guys I am getting ready to close on my first 3 unit multi-family in Washington, DC and the house I bought is in need of a full rehab. It has mold and maybe some water damage. However, the structure has great bones...
Yo pals - good to be here with you. My wife and I are looking to up our investments into real estate a bit more intentionally here in 2019. We bough our first house in 2010. It was a dive and turned into an uninten...
Hey there!
My name's Caleb and I'm a local investor here in Knoxville, Tennessee. After many years of listening to the BP podcast and with one single-family long-term rental under my belt already, it is finally time...
Hi BP, I'm looking for some feedback about the strategy my mom and I are planning to use to get her monthly cash flow back into the black and help her eventually retire.Background:My stepdad recently passed away unexp...
I recently came across a deal on a duplex that has awesome numbers. Come to find out, the owners are actually selling a package of duplexes: 3 others for a total of 8 doors. I thought it was a single duplex at first a...