Chris Lofstrand
Old motel converted to 8 rental units
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $340,000
Purchased 8 unit converted motel on an owner hold in February 2019. Pro forma looks like it should be a...
Kyle McVay
Letter from City Regarding Reporting Improvements
We are new real estate investors. We received a letter from the city regarding a home we purchased. They want us to tell them (1) what we did to improve the home, (2) how much we have spent, and (3) how much we purch...
David Tang
1st Small Multifamily purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $645,000
Cash invested: $175,000
Spend a bit over a year searching and came across this property. Did some m...
Fatima Champagne
Recommended Podcasts for a New Investor
There's a wealth a knowledge on this site and I'm beyond excited to get started. 2017 will be my first home purchase (looking for either a duplex, triplex, or quad) -- and though I won't know it all by my first purcha...
Esmeralda Garcia
Pre-foreclosure or foreclosure
So I've been searching in the legal notices and for the pre-foreclosures they list the address and the owner to be foreclosed on. It also has contact information that also has a clause, at any point of this notice is ...
Frank Trigoso
Renting Rooms in 9/4
Hello BiggerPockets,I wish everyone is doing well. I just purchased an 9/4 house. Two rooms and 1 bathroom is actually separated in the backyard. I will rent each room out. I have purchased a coin laundry, each room w...
Mark Nugent
First investment - Duplex in Phoenix
Just purchased my first rental property and wanted to share the financials. Feeling pretty positive about the purchase. The maintenance estimate might be low but I have lots of wiggle room.
Purchase price: ...
Jenny Gremillion
"Buyer Premium" Added to Sales Price?
Hi,We are in Louisiana and made an offer on a bank owned property yesterday. Our bid was $157k but they added a 4.5% "buyer premium" to this plus a $250 fee. Weird. Do you think this is to pay the agent? And did th...
Mira Atanasova
What am I doing wrong
View report
*This link comes directly from our calculators, based on information input by the member who posted.
This is the first time I'm using the calculator. I'm trying to generate a report on this deal for th...
Robert Shoffner
IRS lien in second position
If a lender in first position forecloses on a property at a traditional courthouse sale, will a second position IRS lien get wiped out? I'm guessing the answer is the same in all 50 states.