Anita Fofie
Help, post fire and can't even give this Chicago deal away
Hello all,As a wholesaler, what are your options when you have a dilapidated property under contract needing a full gut rehab that might exceed the ARV? Rehab is about $100K. I have a small brick multi family building...
Nathan Gesner
Price of architectural drawings?
I purchased a new building and want to renovate the interior/exterior. I know there's no set formula, but does anyone have an idea of what I should expect the price to be for these drawings? I found a website that est...
Matthew Packard
Inflation concerns with commercial
Is anyone else concerned about upcoming inflation with regards to commercial properties? For example, if interest rates substantially increase over the next 5 years, a typical commercial balloon loan may need to be re...
Roger Brogan
7 Unit Multi family as first investment property
After looking at several SFH, I have yet to find one to purchase for a rental that would be profitable in my area. As a result, I expanded my search to my hometown which is about an hour away and have found a 7 unit m...
Sophie Dolezel
Is it time to speed up the sale of a private residence?
Hello, I have a private residence in the Bellevue area (PNW) and am thinking that we should probably sell now. ( we would need to sell it anyways in the near future but I'm worried that the market will tank and rentin...
Charles Barr
Buying a small hotel/motel in South Florida as 1st property
Background
I'm a new real estate investor in Miami Beach trying to buy my first property, preferably locally*. I could spend at least $500,000 in cash on a property myself, $1-20 million if I go into it with a family...
Bryan L.
Balance Transfer Credit Cards Question
I've recently been using some of those "0% Balance Transfer" cards to help fund my deals. They have a 0% introductory rate for 12 months or so, and you pay 3 points up front. That's incredible compared to hard-mo...
Jean Paul Rousseau
Buying in Memphis or Birmingham
Hi,I am quite new on BP.I am a french citizen living in France, in the Paris area. Last year, I created a Georgia corp. that bought two houses in Atlanta (80 000 $ each). Now I plan to use this corp. to make further i...
Samuel S.
Land Contract - Viable business strategy for buyers?
Hi BP Folks,So I am currently in the process of purchasing my first rental property via Land Contract, and would be so grateful for any advice I could get!Here's the scenario:3 unit property1800 SFBuilt in 1935List pr...
Jared Bandel
5% Down Conventional for Owner-Occupied Duplex in Denver?
Hello everyone,I am currently hoping to buy a duplex or triplex in the Denver area within the next 6 months. I was working with a lender who has pre-approved me and told me that I could get a loan on a multifamily for...