Mark Y
Newbie seeking advice on rental property strategy
I'm a married 47 year old from Phoenix who is looking to purchase a rental property for a couple of reasons. I'd like to get some tax relief and at the same time do some additional investing for retirement.
My wife a...
Alex Locklear
So here's my plan..
After reading/researching/taking it all in with investing, I'm finally at a point where I believe I know what I'm going to do.
After reading up on John Alexander and the " Inverse Purchase System" I decided it woul...
Sean Lynch
Multi Family Purchase FHA Loan - good deal?
Hi,
These are my numbers, I'm new so I want to get opinions from others who are more experienced:
Duplex / FHA 3.5% down (12,775)
Purchase Price: $365,000
Gross monthly rent: $2700
Total Monthly Payment: $2400
50% ...
Elizabeth Nenque
advice needed: sellers who want to stay past closing
My husband and I have been house hunting and are about to submit an offer on a house in Bothell.The sellers would like to stay past closing and rent until they find a house. Our agent says this is common. BUT we recei...
Tony Otis
Why would anyone sell below market value?
New to real estate, would like to buy rental property in the next year or two. I keep reading that I should be buying property at a discount. Why would anyone be willing to sell me a house at less than what it's wor...
Zach Wellinghoff
Experiences with buying a duplex through FHA to owner occupy with existing tenets?
Hi all,
I wanted to make a post to ask about doing an FHA owner-occupancy strategy on a duplex that already has tenets - How does this work? In terms of lease agreements you can tell the tenet to leave and at what p...
Lawrence Allmond
Bandit signs, do they still work?
Do Bandit signs still work? Looking for mobile homes for wholesale. Use bandit signs or contact outer state owners directly? The mls is not working,to much competition because of low inventory I assume. ...
Chanté Owens
Self-Employed & Securing Mortgages
Hello BP Community!
I've been reading a lot here, and I know there are some people who are self-employed here; however, I am curious about how funding has worked for those who are self-employed with one or ...
Mark NA
Looking at the following 8 Plex
Hi all looking at a 8 plex . I have not yet contracted. Though i expect to contract for $255,000 Details follow.
8 plex renovated in 2006 and 2007: new roof, all apartments new carpet, painted, new windows, new li...
Matt DuSold
Multifamily buying process
Hey Everyone,
I have been sitting around for WAY too long waiting to get into the game and decided that multi family properties that give me cashflow right now are a solid bet. I stumbled across a 6 unit property it...