I'm looking to buy a duplex, fully occupied at (drastically) under market rents in a small town. This is a long-distance, buy and hold investment. I want to rehab and raise rents. How can I do a rehab if there are alr...
I am a private lender. In 2007 I funded a second mortgage for an investor who had taken a house subject 2.
Today the house value has dropped and the investor is upside-down in the house. To the best of my knowledge...
Hi guys,I have made it a goal to buy my first property by May 2018. I would like it to be a multi-family between 4-8 units or possibly larger. My question though comes with looking at properties right now. At what ...
Hi FH family,
I received an offer on a home I have under contract. Asking $16k, will take a minimum of $12k, which will give me a $2k fee. I have an investor who has offered $14k, if I would accept a $5k non-refunda...
I'm doing my very first 1031 exchange. Selling a multi-family property in Oakland, CA that I've held for 14 months, earned 2x investment. Not seeing attractive CAP rates/cash flow in my area right now so am starting t...
Hello fellow BP'ers,
I have a lead on a property in Tuscaloosa, AL. Being in California I am not familiar with the market and can't get there quickly to do an evaluation.
Here's the gist of the lead:
...
Hello all my name is John from North Jersey. Im in the beginning stages of real estate investing. Ive been doing alot of studying and figured this is the time to go all in. I would like to begin with wholesaling, I pu...
Hi BP!I'm looking into to purchasing a flip property where the owner recently died in the home. The after reno value of this property,without a death in the home, will be around $400k. How much decrease in value shoul...
I have a tenant who has been with me for a couple of years. Her lease recently expired and she asked to go month-to-month. The month-to-month rent is $1400 and her 12-mo lease is $1365/mo. Is there a point where yo...
Hi, BP expertsI am about to sign a contract, but the seller wants me to agree that "Possession of the property shall be granted 3-7 days after closing". During the touring, I know there is at least one tenant living i...