Greetings BP Family,I recently ran across a young lady who inherited 5 properties here in Memphis, TN and about 4 acres of land in a rural part of Mississippi. 3 of the properties are in the South Memphis area (38106)...
Hello, I am a first time landlord and bought my first Triplex in June 2019. I currently use a property manager. One of my tenants filed a work order that said the garage door spring was broken. The tenant then removed...
Hello, what can I do to sell a house that I have. Its a fix/flip but a high dollar house in 700's but the profit is pretty good because all the house in the WC Gates are listed for 1+ million. " I cant figure out ho...
hello BP community,So I got pre-approved bank loan now I'm looking to buy a multi family rental in Fresno, CA i've been looking for multi family, duplex, triplex quad plex. But my question is I've been running the num...
I have a property Under contracts in Cleveland Ohio the ARV is 97K and under contract for 40K. The property is for 4 bed room 2 bath and 1998 ft².
I have another property in Cleveland Heights that is under contrac...
A tree fell on one of my rental properties yesterday (one story home). The tree has caused extensive damage; beams are coming down through the ceiling, the AC is leaking, duct work is coming through the ceiling, roof...
Ok I have a question maybe some 1 here can help me and tell me if anything could be done
I bought a duplex out of state very happy w my purchase
But one of the things wasn’t done during inspection of the house that...
Not sure how to handle this situation… I was contacted by a fellow investor who negotiates short sales with banks wanting to know if I would like to do the following deal:
SFH
Price to me: $159K
Repairs: $30K
ARV: ...
My mortgage broker is saying that the rate on rental Fannie Mae ARMs is very bad compared to 30yr/15yr fixed. While the latter is only 1/4-1/2 point above owner occupied house, the former is 1 point above.I am looking...
Is there a rule of thumb for an old place built in 1900. Right now I am using 8% for Repairs and 8% for Cap Ex. What do you guys think? The place is in good shape considering the age. But I am nervous about the ag...