Jack Hendrickson
How to find a price on off market deals
I have been searching for off market deals or awhile but when it comes to send an offer on it, I don’t know what is the right price to offer for it, it doesn’t just have numbers listed for you and the owner just want ...
Metzli Alcalde
Inheriting tenant towards end of the month
Hello BP Friends,I just closed on my first multifamily property (out of state) and one of the units is currently occupied with a month-to-month tenant. I have mailed a formal introduction letter letting them know how...
Peter Pen
Advice for my first deal using BRRRR
I'm a beginner REI and have just received my Michigan real estate license. I've found a great deal on a house using the BRRRR strategy, however i'm a little confused when it comes to the refinance. For easy numbers, i...
John Cavaliere
First Deal in Eastern Pennsylvania
Hey everyone! I am planning to make my first offer but I wanted to know if the numbers work.
Location: East Pennsylvania
Type: converted four family
Price: $350,000
Total SqFt: 3,232
Built: 1869
Units:
1. 2 b...
Nick Shri
Buying first Rental, need help with Insurance
Hey fellow BP'ers
I am buying my first rental - duplex. What type of coverage should I have on the property? I received a quote from one of the brokers as below -Dwelling Replacement Cost Incl Ord/Law...
John Yowpa
loan questions regarding money loaned to LLC
hi allMy wife and I started two LLCs recently.LLC #1 is her non-profit. This pays rent to LLC #2, which has the mortgage for the property.In order to pay for the property we of course has to use personal finances for ...
Bojan Rajkovic
Appraisers Turning Down 4plex?
Closing hopefully in 3 weeks on my first 4 unit building and I'm confident about the numbers, nice piece of land (2acres) in a residential area near SFHs and no other rental buildings nearby. Recently received an upda...
Luis Rodriguez
Should I go through the trouble ?
Hi,My first tenant just left on 1/31. We live downstairs. A little more than a month ago we texted her about someone (her son) bouncing a ball off the hardwood floors and telling her nicely that it was an issue. It's ...
Helen Shaw
Joint Venture with hard money vs borrowing
I have spoken with a hard money lender but am still a little confused. He wants me to a joint venture which means he will fund the project 100% and do a 60/40 split if i get it done in 4 months. If it takes longer it...
Brandon Lewis
Earnest money deposit
Hey BP community I am new to real estate and I have am become very interested in using wholesaling as an investment strategy. I have currently been looking over several purchase and sale agreements used for wholesale ...