Melissa Dorman
How I got a 4 plex in Portland for Free!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,225,000
Cash invested: $100,000
I call this my "Freeplex" because the cash back I received from my commis...
Melanie M.
Motivated Seller -- How to Structure the Offer(s)
Hi BP Nation,
I have a motivated seller with a property in Florida. He wrote a lease-option on the property 2 years ago, tenants are great, responsible for all maintenance, no late payments. Option is written...
Adriel Hsu
Help Analyzing a 14 unit apartment
Hello, I have a 14 unit deal I am looking to purchase, but a few things are making me hesitant so I’m reaching out to BP for opinions. See the 3 things after the financials Purchase price: $390,000 I can get financing...
Jason Foy
Finance purchase under 35k
Hello,I talked with two credit union mortgage brokers today. I was seeking funding of about 30k to purchase a property to fix up and rent out.I am willing to put 20% down And pay those closing costs. Property has ligh...
Darian Richardson
Filling Out State LLC (Neveda)
Aw, tis the season for Taxes, eh? With that comes a few mini debacles early in the year, hopefully someone can offer some insight into my current one.Early December 2018 I formed an LLC in the state of Nevada due to t...
Andrew Taylor
Deal Advice: Attempt #2
Okay, apparently my first post was disqualified for some reason. Not sure why - can't get anyone at BP to answer my question. I'm reposting below, removing the links from the original. That's the only thing I can thin...
Ally Garcia
Beginner investing: with 4% downpayment, what type of loan
am 28yrs old in LA working in marketing. Right now I have about $20k in a high yield online savings and money market, and not exactly sure which I should focus on more - paying off student loans, saving to buy a h...
Katherine Rossell
Putting houses into an LLC
Hello,I need a little advise or feedback about my current situation with my LLC. I currently own two duplex's (one that I live in) and I am in the process of buying a 4 unit with a conventional loan. At the start of t...
Matt Meyers
First Investment: House Hacking a $500k property with $0
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $517,000
Cash invested: $18,095
I'm currently in the process of closing on my first investment - ...
Account Closed
Is A FHA Loan Really Worth it?
As someone who has very little money to start with, there are a number of ways I can finance my first property and a FHA loan seemed pretty appealing due to the low down payment. After completing further research the ...