When buying a multifamily with a du diligence period, what is your list of things you are looking for, verifying, double checking and other?Getting close to making an offer, the selling agent said owner wants to know ...
I think the military is the best job for real estate investors, and here are a few reasons why!- VA loan, VA renovation loan, VA IRRRL, etc. - 15 year capital gains tax exemption- tax-exempt BAH- military towns are (...
Need Duplex- asking price $169,900- thinking of offering $159-161KRents: $850 & $750 ($1600) both should be raised to $900Taxes: $1144Down Payment: 30%Below is the report I ran with a purchase price of $159500. T...
I'm in an interesting situation. My grandmother recently passed away leaving her condo in Windsor, CT to my brother and myself. I used to own a two-family house in Windsor Locks, CT, but my kids and I moved in with my...
Hi,
I've been in Chattanooga for about a year now so I have a pretty good feel for the city. I group up in a vacation town that sees phenomenal returns through short-term rentals. The city of Chattanooga has quite a...
I spend a lot of time reading the old threads but wanted to be absolutely sure before I went ahead with this:
Step 1: Otherwise illiquid father with good credit buys a property from an unrelated third party who is no...
Burnout is a real source of stress when in the middle of a live-in flip investment. Trust me, I know! We are in the middle of live in flip #3. I have been thinking about tips I might be able to share to help other in...
My family members (late 70's and late 80's) are house rich and cash poor living on social security and trying to make ends meet. Their mortgage will not be paid off in their lifetime with about 25 years left on a 30...
Hi BP community,Here still trying to pick your brains. I am in the beginning stages of multifamily real estate. Please share with me what you wish you knew prior to buying your first multi family. I am looking at buyi...
Hi, on 9/20/2013 I bought my first rental duplex through a bank loan with 25% down. Now I have to wait 2 years for the banks to accept my rental income towards my debt to income ratio. I have no debt besides the mo...