Hi BP community. I bought a 3-unit with cash borrowed from a friend at 4.5%. I wanted to implement the BRRR strategy right away. I bought the property at 60 cents on the dollar. I sought a cash out refi from my local ...
Hi All!
I'm about to close on my first deal on 5/30 in San Diego, CA!!!!
It's a currently occupied duplex, that is rented waaay below market: $1,700/mo, $2000/mo respectively. Other units in the same neighborhood, s...
I am currently in the education stage of my real estate journey and eventually want to make the transition of doing it full-time. I have read multiple books on overview of real estate, corporate/LLC structures, proper...
Hello all,I have a current tenant in a duplex who was approved based on their current income. They have been with me for over a year and are good tenants so far. She just messaged me today that she applied for and r...
Sharing what are some of the things I think may be on the horizon for DSCR Loans in 2024 - inspired by a lot of comments that pop on these forums. Would love feedback/further ideas of what people are seeing or hoping...
Hello BP community!
My name is Ryan Smith, and I'm a wholesaler in St. Clair County, IL. I also do deals in St.Louis, MO. I have a couple of deals under my belt, but I do considering myself wet behind the ears. I hav...
Is there a sweet spot of bedrooms or baths that the average STR family needs. Also what size of beds? Is it worth it to get a queen vs. a double. What is the most marketable kind of layout when it comes to bed and ...
Ok, first rental and first tenant. This forum has been a godsend in terms of helping me and my first-time landlord anxieties. So, I have my first tenant, everything checked out, she was qualified, etc. She has been in...
This should probably be a blog post, but thought I'd throw it out here as a question.I've been busting my butt for 3 years wholesaling and I've managed to do under 10 deals in West Michigan market from 3k-5k assignmen...
BP community,Hello to all I wanted to start a discussion on Lease Purchase, I want to know how to decide when an investor should consider this solution to a seller. If anyone could please give examples, or scenarios o...