Tyler Smith
BRRRR question (Fannie Mae guideline?)
I bought a home for $120,000. ARV should come out at $200,000.
75% LTV will be $150,000. My rehab will come in at just over $20,000.
My bank just told me with the Fannie Mae guidelines on doing an investment cash o...
Justin Carter
MTM lease termination for Section 8 Tenant
Hello BP Community! I’m coming to you guys for guidance and advice. In January I closed on a 3 unit property on the South Side of Chicago and the property was partially occupied, with 2 of the units being rented by Se...
Hue Quach
Quick question for Wholesalers
Do Wholesalers often work with real estate agents? I have a good relationship with a wholesaler. How can I bring this person value to create business opportunities in the future?What are some ways agents can provide w...
Jennifer A.
Importance of inspections and reserves reinforced
Today was our scheduled semi-annual inspections of all of our rental properties. During the winter months we hire a local heating contractor that we do our business with to inspect the furnace. Every year. And, ...
Patrick Flanagan
ew member in NJ
Hello everyone, New member in the Central NJ area, looking to connr with like minded individuals. Cordially,Patrick Flanagan
Henry R.
Short sale 3 Family thoughts on purchase
Hello BP
I took a look at this propery last week, asking price from the bank is 24.9K. It looks to me like it could have been a single family at one time, turned into a 3 unit. There are 3 electric meters on the side...
Steven Taylor
Long time lurker, new investor.
Hello All,I've been a member of these forms for a little while now, but I've just decided to kick off my Real Estate investing career. I joined the Air Force at 18, spent six years enlisted, and was fortunate to acqui...
Christopher Johnson
Finding a tenant early (during reno)
Was curious about peoples opinion on finding a tenant while we are still renovating. Just closed on a property at the end of January and have been working on it since. I am 100% confident that work will be complete ...
Alex Couden
Need help with financing between friends
I am in the starting process of finding my first property for the purpose of holding. There is a good opportunity in my neighborhood on a property that is in the middle of a remodel but the owner has to sell due to po...
Derrick Gray
Hi I'm Derrick Gray from Los Angeles
Hi I'm very new to the business. Usually when I want to master something I get the basics then find where I should go from there. So after scouring YouTube for about 10-15 hours and soaking up as much as I can this l...