Jake Ferguson
Help evaluating first propery
So I've been doing a ton of research lately looking at properties online and in person searching for my first multi family property. I live in southern ME--kittery, Portsmouth, NH-- and I have been having a bit of tro...
Jeremiah Johnson
Mobile Home Park Need Advice on value PLEASE
Hello all, I am looking at a 13 unit park to invest some of my self directed 401 in. It looks like a decent deal, but I am wondering what you would recommend for an offer and how to best finance to maximize return...
Brandon Sturgill
Mechanics of Seller Carrying a Second Lien
What are the mechanics of a seller carrying a second lien?...and would the process simply be that they apply for a HELOC and loan the cash?...or can this be structured some other less intrusive way?
Christopher Fasheh
Need advice on how to price a 21 Condo unit
Hello all,I'm so excited this is actually my first discussion on BP. I need help pricing out a rented 21 Unit condo in Bayonne, NJ. The building has 21 units 1 bedroom and 2 bedroom, gross income is 190k. The building...
Lisa Ryan
First Deal: How are the numbers
Hi,
I'm looking at a 3 unit near a college in central PA.
Units rent for 600, 650 & 700 ($1,950 per month total)
Owner pays for heat (approx $4,000/yr) and water (approx $1,800/yr)
Price...
Blake C.
1st Partnership Deal
Would you do this deal? It doesn't have the cashflow I like, but its on 100% financing. 50K house (3/2/2). 22K needed in repairs. ARV of 90k. Rent at $950. 100% financing, including repairs at prime with a floor at 4%...
Tiffany Onwudinanti
Invest now or wait until I move? (House Hack Strategy)
Hi BP Fam,After much reading and saving, I’m ready to take action in REI. I already know the strategy I want to utilize, which is House Hacking.Thing is I’m planning to move to TN in 1-2 years to pursue school. I curr...
Shane Craig
Opportunity Knocks Or Does Failure Knock
In the past I would only buy rentals that had great cash flow. In my area it's relatively easy to get single family homes close to the 2% rule and apartments at the 1% rule( C class properties). I have many homes and...
Mike Alvarado
1st purchase of Multifamily Property
Hi Guys, 1st time home buyer. What do you think of this deal?
List Price 249,000. 3 Unit Multifamily , one car garage
Expenses: Taxes 12,000, Sewer 1,000, Insurance 1000, Advertising 500, Hotwater 2000 ...
Bill R.
Another Would You Buy It Thread?
4-Plex located in a C'ish area of Las Vegas. It's part of a community of about 20 identical 4-Plexes. Did a drive-by and it seemed to be an oasis in what was otherwise neighborhoods I probably wouldn't have any inte...