Just some background to help you guys get a full picture of where I am and where I want to go. I am a 29 year old guy who has a law degree and well over $140k in student loans. My student loans have not kept me from g...
Hello BP!We have had a long journey already to get to this point. Amy (my spouse) and I were $85,000 in debt when we met. Seven years ago we decided that a debt free life was one we wanted to achieve and live... so ov...
From previous experience in east, it is common (almost standard) that a renter pays security deposit, last month and the first month (upon moving), at contract. Please can anybody tell me if this is the norm arou...
We are looking at pricing our first rental around 2200 to 2500. Our mortgage is a little under 2k a month. Considering a property manager and they want to take around 70% of the first month rent plus 7% a month ongo...
2 Multi-family's recently have come on the market that I am looking into. My main consideration is a 4plex for under 400k. 3/4 units are 2 bed/1 bath, with the other unit being 1/1. Taxes are high in this town, around...
Please tell me what you think about the validity of my deal. I just calculated the cap rate for a property I'm going to develop within the next year: 20%Here are the numbers:$40,000 to build$30,000 for the land2 Units...
Hey BP -
I just went under contract for my 3rd large duplex in Utah, this one for 378,000. I have a choice in my financing: to do a 7/1 ARM or a conventional 30 year. My other 2 properties are on 30 year fixed. I hav...
I tried to complete my first flip. However, the market did not cooperate so I went to plan B which is BRRRR stategy. As part of the flip I got the first two steps completed; the B(uy) and R(ehab),. Since the market...
I'm looking for a referral for a lender in the KCMO area for a multifamily purchase. Please let me know. Thanks!
Jeff Hamlin
I have been buying and rehabbing properties for a few years now. My first was a BRRR. It went well. My second was a flip it did ok but didn't like the added stress of having to deal with agents, the buyers, inspe...