Christie Gahan
When to evict tenants in newly purchased REO ?
Just signed PSA for a bankowned duplex that has folks living there. My understanding is that , while I'm in escrow, I don't own it. So, I don't really have a right to get them out. But, they don't really have th...
Payton L.
Help Me Analyze This Deal (First Multifamily Purchase)
Hello BP! I am hoping you can help me analyze this deal. On paper my numbers are okay-good. It's my first multifamily purchase, and I am in the process of working up an offer on four duplexes. Here are the details: Cu...
Jef A.
Purchasing the second home (Getting the ball rolling)
I recently paid off my home and i am interested in purchasing another home/duplex for the rental income. Banks are telling me that because i own a home i would have to pay 20-25% for the down payment because it would ...
Joe Ehren
New Jersey Purchase Contract Commercial (mixed-use) Property
Hello Does anybody have a New Jersey Purchase Contract commercial (mixed-use) property?Thanks in advance
Jason Hsiao
Required forms and title transfer for private purchase
This is for a friend, who is planning to purchase a property directly from someone in the family. What forms do they need to prep? There's no mortgage on it currently but the buyer would need financing. Seems like For...
Patrick Bisson
Single Family Home - Land Purchase - Recommendations how to?
Hello BP friends. We have an opportunity to purchase a piece of land to build a house that will be used for Short Term Rental and generate as solid annual return. The Land cost is 300K, and the build cost is going to ...
J White
Calculating on Down or Purchase Price Cost Basis
Hello all, I've been lurking the forum for a while, but had what is surely a stupid question that needs answering.I am looking at an off-market property in a inner-core suburb of Denver. Here are the numbers:Price: $1...
Matthew Masoud
How long after purchasing Can I Refi? - Commercial
So I'm purchasing a 6-unit property in cash.
My plan is to purchase the property at $220,000 (way under market). Do some repairs and raise rents to market rent. Then refi the property (ARV $300,000) and take my $220,...
Marcos Carbi
Does professional property management carry over with purchase?
Hello BP family, I hope you are all doing amazing! I'm in the process of closing my first duplex rental property and I couldn't be more excited. The current owner uses a professional property manager which I don't wan...
John Spellman
My first rental property I purchased in 2019
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $65,000
Cash invested: $10,000
I purchased this 2 unit off market duplex in the city of Trenton back in 2019...