I thought I would share what I feel is a small win with the community. Last week, I closed out the cash-out refinance on my BRRRR in South Jersey. Money wise, this property cost me $475 after the cash-out refinance. N...
Wondering what your thoughts are?I wanted to offer below asking price with seller credit, on a foreclosed home. Semi-unlikely I know, but not impossible. My realtor gives me several contradicting answers/ statements. ...
From the time you started seriously looking and making offers, how long did it take you to buy your first property (excluding house hacks)? I'm also interested to know how many offers got rejected before the first one...
I have a motivated seller who inherited a townhome. It has since gone into pre-foreclosure. There was $49k left on the mortgage and she just heard from the bank that the lowest they'd settle for is $28k. How would I g...
Is it just me or are there no good cash flowing deals out there? I've been looking in state, out of state and all I find are $100/m at best. Am I analyzing myself out of potential deals? Here is how I run my numbers:L...
I planned on buying an owner occupied duplex as my first property but there simply aren't any deals in my marketplace for multifamily properties that I could cash flow once I move out. I've concluded that if I want a ...
Hello everybody,
I have put my apartment up for almost a month now and I had 50 or more inquiries but they did not fit the 3 times the rent policy, they already found a place or they had red flag answers to my que...
I've been investing in Chicago for almost 15 years. I've been incredibly lucky with tenants, turnover, properties, appreciation, connections etc.That said I do occasionally find myself wondering, what if....If I had ...
Hi BP.I have a tenant who has NOT paid rent for this month (August), rent is due 1st of every month according to lease agreement. I sent her a 5 day notice via certified mail with return receipt requested because she ...
From your experience, is there any advantage of buying a property with long term tenants living in there?
I only see disadvantage such as, most of the time their rent is not high enough and you won't have enough cash...