Hey all,A quick background - I purchased a 4 unit property in the Oakland, CA area that was distressed and severely under rent. I was able to renovate the four units and get the rents over 2x what they were before so ...
If you borrow from a hard money lender. Use the funds to buy and rehab a multi family property. Rent it out and then approach a bank for a cash out refi to pay the HML, won’t the loan that you have with HML show up an...
My husband and I are selling 7 duplexes. We are wanting to do at least a partial 1031 exchange, but it is becoming very overwhelming. We close in less than 2 weeks and we have not decided how many of the properties ...
Something that's kind of been tickling the back of my brain for a while.Two common themes of BP, and REI in general:1) "You make money when you BUY real estate, not when you sell. Whatever money you 'earn' when you se...
Hi all. I'm new to BP but love all the logical advice that sounds crazy to the common person.
Here's my situation:
I have a 4 plex (in CA) that I paid $700K for a few years ago (25% down) and I now owe $485K. Its ...
I have a A few properties that can cash flow up to $1000 a month however the rate of return is only up to 7% I currently am seeing this all over across-the-board did the financing available for me with a 30% down and ...
Hey BP!
My wife and I want to become real estate investors ( buy and hold ) I like the idea of low income and feel comfortable about what problems could potentially come from going that route .... My wife is on board...
Good Afternoon everyone,Im currently looking for my second property and have been toying with the idea of using a option contract to buy my next property. Im 26 years old and I still live at home. Ive purchased my fir...
We are building a new home and are trying to decide what to do with our current home. We don't need the money from the sale for the down payment.Currently, we are thinking of renting it out. It would rent for about $2...
Hey everyone! I'm 23 years old and am active-duty Army. I used the VA loan to buy my first house in November, 2020 for 302k. As I've seen the market explode, I contacted my agent, and asked what she thought I can get ...