James Reyes
VA investing strategy
If I were to use my VA loan to get a multifamily (under 5 units), this whole idea of the one year stipulation keeps arising through other discussions. So my work around, option A. build rapport with a local bank and r...
Mark Anthony Alvear Jr
I’m really interested in wholesaling
I’m new to wholesaling, haven’t made my first deal yet. I’ve been soaking up knowledge on BP, google, and watching YouTube videos.I’m curious about when it’s time to making a deal and making out a contract, do you nec...
Sunny Burns
Garfield NJ - 12bdrm Quadplex - 1st Home purchase - biting more than we can chew?
So we have a 4 family Citibank REO under contract. It is two detached duplexes(upstairs/downstairs units) on one 5000sqft lot. Each of the 4 units, are 3 bedroom and 1 bath. It is not in a floodzone, two blocks from ...
Chelle Knijnenburg
lease change the renter (a lawyer) wants to add about escrow
Hello all.Our future renter wants to put these two items in the contract, one is in case we put the house on the market. Note that she is a lawyer. We don't fully understand the escrow clause and how it might affect ...
Isaac Galli
FHA & 203K vs conventional loan for multifamily house hack
Question: Is an FHA or 203K loan better than a conventional loan for purchasing your first multifamily property?Hello!I just got off the phone with a mortgage loan officer. Backstory: My plan is to obtain pre-approval...
Matthew Paul
Things must be slow for real estate agents
I put my personal house up for sale on Zillow as a FSBO . The responses have been overwhelming . In 3 days I have had 65 calls . Two from regular people and 63 from real estate agents . They all seemed to be reading...
Account Closed
BRRRR strategy using cash out of pocket
Howdy y'all!First - this is my first post. Yikes! Josh would be more ashamed of me than he is of Brandon when he says " ... really? ... " Second - The BRRRR and Rental Property Calculator are awesome. Well done, BP Te...
Frank S.
Quitclaim Deed After Short Sale in Illinois
Hello,Before reaching out to an attorney, I would like some feedback, please.About two months ago we purchased a short sale in Illinois. This was a cash transaction. We updated the unit - mostly cosmetic, rented it, a...
Oliver J.
Exterior leak damaged my unit and they won't pay!
I have a condo in Washington DC and water damage from rain somehow leaked into my unit and damaged the floors. This was six months ago. The association fixed the problem causing the water to enter the building, but ...
Braden Hobbs
Military tenant being deployed
Hi all,
I have a tenant being deployed a few months after their lease ends June. They would like to go month to month until they are deployed. My issue is it's a SFH rental and the lease ends in the summer when the r...