Greetings BP! I’m a newbie investor trying to purchase my first multi-unit investment property here in Houston, Texas. It’s a new construction 4-PLEX with 2bed/1ba units...Purchase price is 300K and I’ll be putting a ...
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I've read tons and tons of posts regarding LLC's and I understand that everyone has their own opinions and everyone's situation is different. As it pertains to me, just starting out, I was looking at starting an LLC f...
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Hi Folks,I recently looked at an interesting property in one of my main target areas. It is a mixed use building with 5 residential units upstairs, 1 downstairs, plus a couple thousand square feet of commercial space/...
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Does anyone use what i have always been told private lenders. My father had always told me to get private lenders to fund most my deals. I never had tried it myself does anyone else use this to fund their deals.
Few...
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Hey BP, I have been constantly scouring the podcasts taking notes and educating myself as much as possible. One of the podcasts with Scott Smith #109 he recommends having your properties in an LLC or a trust for anony...
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Hi there!I'm new to multifamily and am looking to understand what sort of loans I will qualify for when trying to purchase a 16+ unit. I understand I'm most likely looking at 25% down with 6 months of PITI reserves.My...
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Hey BP community -- I'm a recent college graduate and accountant working in the Bala Cynwyd/Narberth , PA area. I'm ready to start investing, but I do have a question I want to ask you guys.
Would you personally beg...
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I have two opportunity's at hand.Over the past month I have been working on building opportunity ( Knocking down doors)I put myself out there like many here have recommended and it worked. My plan behind these jobs is...
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Hello BP,Im looking for some advice on my current situation and possibly some lenders I can work with. Heres my current personal situation Im trying to change. Currently My wife and I rent a home in the Denver Metro. ...
Using my VA Loan my preapproval goes as follows:
1-Unit: $484,350
2-Unit: $620,200
3-Unit: $749,650
4-Unit: $931,600
I live in Chicago, IL and I am tempted to buy a 4 unit in a great neighborhood (and live in ...