Michael Perreira
2 options; is this a good deal
First purchase option:
2.4 million includes 3 new park owned homes that has oceans and sunset views which they rent month to month for roughly 1k each.
Second option
1.8 million and they will sell the 3 park owned...
Danny Maller
Can someone verify my research and numbers for a downpayment?
Hi, I'm looking for some confidence here with my numbers and would truly appreciate if someone could verify that my numbers and research make sense. I'm wanting to buy a duplex and I'm considering how much money I sho...
Daniel Knichel
First property questions
Hello,I am definitely super new however i like checklists for everything cause they provoke thought and build better procedures. As i was building my list there were a few questions that came up that the BP community ...
Tasha Jones
Purchasing a Foreclosure property
Hey BP fam, I have a couple of questions about buying foreclosure properties. I see a couple of them in my area are due to auction off next month and I wanted to know the pros and cons of buying foreclosure properties...
James Isaacs
Negotiating a seller financing deal with a seller I Need help!!
I need help figuring out how to make this deal work. There is a tired landlord looking to sell his portfolio of three properties for 450k. The market value is 510k and they need no work at all. Two of the three units ...
Jeremy Segermeister
Structuring a seller financing deal?
I have a lead on a multi-use property that could be intriguing. It is FSBO, owner is old school and simply looking to get rid of the headaches associated with being a landlord and fund his retirement. It has 2 apartme...
Jason Martinez
Refinancing out of a Hard Money Loan
About to begin this process. It's an investment/rental property. Not my primary. Had to use hard money due to condition of the property. Rehab is almost complete and now looking to refi the condo. Would like general i...
Stephen Chan
Rent out a 2-family home under my own name vs. creating an LLC (New York)
Hello everyone,
I'm a first time home-buyer, about to close on my property tomorrow! Some quick facts about my situation:
- The property is a 2-family house.
- I'm located in Long Island, New York
- I...
Catherine Brennan
Paying rent upfront
Hi BP Community: I may need to consult with an attorney on this, but I was informed by a property manager that collecting rent in advance (ie 3 months, 6 months, etc..) could pose a problem for Landlords in Chicago d...
Joe Kim
San Antonio WINNER! (buy and SELL)
Currently i'm on a buy and SELL mode. not a buy/hold mode of investing. I recently closed on my 4th sale in my portfolio. I'm not a believer of "buy/hold" forever and after reading the 80/20 principle, Sales and ...