Claudia Adams
Purchasing rental with a HELOC
There is a house I am looking at that is “cash only” because it is not finished so the banks will not give me a mortgage on it. I could pay for the house with a HELOC but still unclear about how much the rehab would ...
Account Closed
Parents and I have property that is surrounded by commercial
Back story: My parents bought an acre lot with a house taking up around 2800sq/ft of the acre lot back when it was surrounded by agriculture land.Fast forward a decade or so, the surrounding land has become commercial...
Josh Setterbo
Contractor out with pre-inspection?
Hey BP,We have our property under contract and are planning on doing an inspection this weekend. This will be a house hack with some BRRRR elements as well. We plan on having a kitchen constructed in the basement and ...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Yousef Reda
Trying to get two apartment complexes at once?
Looking at getting two apartment complexes. One in Ontario and one in Manitoba. The Ontario one is a delabitated property and the Winnipeg one is pretty much turn key that needs a bit of lipstick. Ontario property:6 u...
Jennifer Williams
Need help analyzing my 1st wholesale deal. Does it make sense?
Hello BPSo while browsing through Craiglist, I was able to find a home to put under contract. Since this is my 1st, I sent over an Option to Purchase Agreement and will eventually send over the Purchase Agreement. Wel...
Roman Pak
Getting Contractor quotes before closing
Hi BP, I'd like your input on something. I'm finding it very difficult to schedule a viewing for my contractor to walk through the property before I make my offers. Does anyone have a good idea about how to show the p...
Kelley B.
Flipping in Phoenix
New guy and still trying to find my way. Does the current market in Phoenix still support flipping?Which indicators do you use to determine when the market does not support it?Thanks!
Jon Sheffield
Appraisal vs Purchase price? Washington, D.C.
I have multiple questions but first I am going to give you the information that I have. I live in washington, d.c. and I am looking at a four plex that I saw today in DC while driving. It looked distressed plywood ove...
Khalil Favard
I've committed to taking the chance! New from NYC
Hello all, my name is Khalil from Brooklyn NY. I'm a branch manager for a major bank, and have been in retail banking business for about 7 years. Getting into real estate was something I always was interested in, but ...