Mike Carr
triplex underwriting and JV questions
I need some help overlooking the #'s before I present this to a potential JV partner. I have been marketing to small multi-family properties in my market (Delaware) and have wholesaled two so far. Id rather be buying ...
Gary Thao
FHA Fourplex Opportunity anaysis: FHA 3.5% vs Conventional 25%
I have the opportunity to purchase a fourplex using an FHA loan. A decent fourplex is ~$345k here in Portland, Oregon. Yes, it’s high and that’s just the way the market is. Typical rents are in the $725.00+ for a 2be...
Tony Wooldridge
Success Path: Tarek & Christine of HGTV Flip or Flop
Success Path: Tarek & Christine of HGTV Flip or Flop. Has anyone heard of or has any one gone to one of these seminars? They happen to be coming to some communities around my area for investing. Well, let me b...
Jeremy Moura
New to BP.
Hi, my name is Jeremy. I have been a member of BiggerPockets for a while now but this is my first post. I was born and raised in the East Bay Area. I grew up working in my father's general construction company doing e...
Andrew Smith
Money for down payments
I have just started the process of trying to buy my first rental property. I have 22k in savings and was trying to find a house in the 90k-100k price range. The lender I talked to said I would need 34k for down paymen...
Suzanne Chan
Investing in out of state is it necessary to visit prior?
Hi I'm new to investing out of state and am looking at the Cleveland market. My business partner and I have invested in some homes in California and are selling one and doing a 1031 exchange. However through reading a...
Eric Costa
New Member in Northern, New Jersey
Hello all,My name is Eric, residing in North Jersey on the outskirts of NYC. I'm a full time Truck driver for Movies and Television in NYC, and looking to break into the world of REI. My job offers a lot of down ti...
Roemeo Barnette
The 1% Rule for Multifamilies
What’s going on BP! I have a question for my fellow investors.Do you live by the 1% rule when investing in Multifamilies? I’m asking this question because we know the 1% rule is for a GREAT DEAL! But what makes a GOOD...
Jack Forester
What percentage of tenants are horror stories?
Okay, so my wife is reading about the horror stories of bad tenants and tells me that "We've been lucky". My thoughts are that a horror story is more entertaining than a story about boring perfect tenants that take ...
David Hertz
Creative financing strategy
Hi,I'm looking for some advice on how to create the right strategy for a creative financing project:The basics:The seller wants to continue living in his house. Purchase price is 500K. Rental income is about 4800/mont...