Hello!Does it make sense to use the appreciation gained from our current rental properties to pay down our primary residence mortgage? We currently cash flow about $600/month on 2 rental properties. However, if we w...
I was the highest bidder for second mortgage auction. What should I do with the first mortgage lender ( senior lien) that is going to foreclose at the property next month. How can I stop the foreclosure sale? I don't...
For context, I am in the due diligence process of a quadplex in a C-class area. 2 bed/ 1 bath800 sq ftPP: $275kCap Rate: 7.5%This is my first attempt at BRRRRing a multifamily. Does anyone in the forum have past succe...
Astoria, Queens: Two-Family Properties, good investment?
Intro
Astoria, Queens, has long been known for its culture, heavily influenced by European countries like Greece, Italy, Germany, Poland, Croatia, and other c...
On the podcast David keeps saying that house hacking is the easiest way to build wealth through real estate, advising to add one property each year paying 5% down.I'm theory it sounds great but in reality assuming you...
Hello BP, I have a question on what to do in the scenario where I have an unmarried couple that I would like to rent to. Problem is, that one of them makes most of the money of their combined income. My concern is tha...
Hi all,One of my rentals has an old tank heater which I am looking to replace with a tankless model as its quite a small place. Does anyone here have experience with these units or any recommendations?Thanks
My girlfriend and I visited Kansas City last month and have been on the hunt for potential properties in the area. I've been in negotiation with an owner of a C-class duplex in Independance. We finally settled on a pr...
I am looking for a condo in 150-180K range for my elderly parents (Phoenix metro, East Valley). The plan is to have them stay in it for a nominal rent, and keep the property as a buy and hold rental. Currently, they a...
HAPPY FRIDAY BP!!! I've been a homeowner for 6+ years and had finally decided to get into REI. I'm still educating myself (been doing so for the past 2 years), but decided to a HELoC to fund the down payment and wo...