I’ve been wanting to start one of these from the start and just haven’t had a minute between my job and getting this deal done. The property is an 11 unit converted motel in Livermore, ME. Each unit is 1 Bedroom/1 Bat...
Hi all.Is 5.25% on a 30 yr conventional loan with 15% down and excellent credit, about where the market is right now on less than a $250,000 property or should I be shopping lenders, considering I'm using a broker.
I know there’s a ton of posts and questions about how people collect rents. I’ve been using PayPal for quite a while. It’s free to landlords and tenants, and I get my money within 24 hours (the first time rent payment...
I made an offer today on a property that’s been sitting for some time now. The seller’s realtor made a counter offer and I accepted. My realtor was about to send the contract with the amended price that I agreed to wh...
I'm working on purchasing a vacation rental in my hometown that is very seasonal, approximately 9 weeks of solid summer bookings and intermittent bookings throughout the shoulder spring/fall months. One of the compani...
I would love some insight to this as I am a new investor (don’t have a home yet). I know most don’t recommend using a PM but I see myself long term with 60+ units one day and would eventually use one anyway. Ok with t...
I’m 32 years old, and a full time teacher. My wife and I own two investment properties with $224k in equity that are currently cash flowing $800/mth after all expenses and after accounting for vacancy/maint/capex. Our...
Theoretical deal:
3/2 in South Carolina
I purchase this property, rehab, and resale with contract for Deed. Buyer puts down 5k and sign contract for deed of 65k. Comps support value of 70k. Nice working class neigh...
Hello, I’m going to be closing on my first SFR investment property soon via an all cash deal. After closing I’d like to do a delayed finance to use the cash for a second property. The property is in Memphis TN. I ...
My name is Justin Morris and I've been on BP for about 8 months now and continue to learn as much as I can for the amazing people here. In the past 6 months I've dived into a lease purchase and actually have two prop...