William Smith
Looking to invest out of state for cash-flow (currently live in California)
Hello there,My name is Will and I currently live in Northern California. I am currently doing my first BRRRR that should give me around 100k in equity after a cash out refinance. I am looking to deploy my cash into a ...
Aleksandra U.
Advice on potential investment needed
Hello,Looking to purchase a condo for investment. My last offer was $62500 and I'm paying closing costs (seller didn't not agree to cover any of it). Seller wants $65000. I still consider it a good deal even with purc...
Account Closed
What's your favorite "formula" when finding a deal?
In my research I've come across several different formulas people use to determine if a deal is worth the risk. The 70% rule [i]seems to be the most used and discussed (?).
While at a workshop recently I met someone...
Account Closed
Rent my house vs. buying a rental property
I am so confuse and in need of some expert advice...
We owned a house and current on our mortgage. We can rent our house out for $2K per month. Our mortgage is $1500.
Plan A: We move and rent a place fo...
Joel Bowen
Buying SF and MF units under $60,000 cash
My wife and I have really worked hard over the last 18 months to follow our RE Investing dreams. We sat down and figured out our personal finances and we were able to systematically eliminate all of our credit card de...
David McBrayer
Finding money at a good rate?
As a newer Real Estate Investor, I am finding it a little difficult to find some good lending sources at a good rate or fee. Without getting my credit banged over and over. I am sure part of it is me not being as ag...
David Roe
Evaluation of Property
Hello, I'm a newbie but have been studying and learning as much as I can and I came across a deal I haven't seen yet. I would like everyone's opinions. It's in the city next to a historical part of town, lots of ba...
Tyler Flagg
A Very Merry Christmas Closing!
Hello BP world!I bought my first property (thanks to the help of BP) back in April of 2014 in Oklahoma City.First Deal in Oklahoma City!Although I naturally made a number of mistakes throughout the process, I believe ...
Priyanshu Adathakkar
Just Venting, No Skin Off My Back!
Acceptable CAP rate for multifamily properties in Ohio is as follow: Section 8 or any other subsidized housing is minimum 7.5%. For Market rate properties it is 8.5%. Student housing is minimum 6.5%. A good property t...
Francisco B.
Am I setting myself up for success or failure?
Hello all, I am in the process of buying my first multifamily investment property and would like some feedback or advice on my strategy. Can anyone poke a hole in this plan? It looks great on paper but as we all kn...