I closed on my first 4 unit back in January. At closing, the sellers provided me with a 1 yr leak warranty, which I had requested after our inspection. Needless to say, found a few leaks that needed to be repaired. I ...
Hi - I’m working on a deal in Dayton,OH and the water situation will make or break the deal. Currently the Landlord pays for approximately $315 per month for water/sewer charges. He has really low rents and does not p...
All,Looking at my first foray into commercial multifamily (previously done SFR & small multi BRRRRs). We've looking to essentially do the same (BRRRR), just on a bigger scale. How are you structuring your financ...
Hey All,I initially wanted to start investing in properties using Turnkey Companies but it pains my stomach knowing how much money I am leaving on the table, by doing this. I would like to put together my own team in ...
Good evening, everyone. This is my first post and I really enjoy everyone’s insight reading through BP. I am writing this from my partners couch in the U.K. I am currently stuck here due to COVID and waiting to return...
Hi,I am new to BP and this is my first post. Here we go: My wife and I have an opportunity to buy an old lake house at the lake of the Ozarks for 60K. It’s in a desirable location. Our idea is to buy it, bulldoze it, ...
I read that a loan for rental property is about 0.5% higher than an owner occupied conventional loan. So if a property cost $150k, with 10% down, the monthly payment would be $684 at 4.5%. At 5% it is $724. That's ...
Hey guys, I recently purchased a primary residence in Centennial, Colorado using a buy and hold strategy. It needs a bit of work, which I plan to do over the next 5 or so years and then sell. I thoroughly enjoyed the ...
I am a first time home buyer, and was initially planning to purchase a multi family property such as a duplex or triplex with FHA for my first home, and live out of one side. Now I have found that despite having no o...
HELLO NEW TO THE BP FORUM,MY BUSINESS PARTNER AND I HAVE A RENTAL PROPERTY TOGETHER, THE PROPERTY IS A SINGLE FAMILY HOME 3 BED 2 BATH IN LONG BEACH CA . CURRENT MORTGAGE ON THE HOME IS 405k -MARKET VALUE ON THE PROPE...