Hi everyone, I recently joined the BP community. First, I'd just like to introduce myself. I'm a fairly new investor in the Jersey City area. I bought my first multi-family in 2015 which I currently owner-occupy. We ...
I have been analyzing properties for the last 8 months without making a just yet-- We've been busy doing many other things. However, we're finally at the point where we'd like to start making offers.At the moment, I ...
Hey folks,Sorry for the rather broad discussion - I've got a bit of an odd situation right now which is rather time-sensitive, so I wanted to get this out sooner (even in a more broad & vague form) rather than lat...
I am following one piece of property in particular. Did some negotiating while it was in short sale but nothing came of it. Now the bank owns it outright, has it listed on MLS and there is a real estate agent assigned...
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
If one is to go about real estate using a FHA loan specifically the 203k for rehab and purchasing, what will cover the owner-occupied expenses the first year? What happens during the one year period of occupying a mul...
1) Hire a GC let him figure it out and just make sure he stays on track?2) Hire the individual contractors yourself and act as the GC?3) Go all HGTV and do it all yourself?4) Fill in the blank.The reason why I ask is ...
I recently looked at a home that I'm doing numbers on. The only problem is, how do I estimate pest control into my repair costs unless I get an inspection done? Is there any other way to estimate it now or should I ...
I presume that I can remain a passive investor in multifamily...are management fees similar percentagewise to SFR and 2-4 unit?
Also, if a building is of he size that it needs a resident manager, can I have a manag...
I am planning on going to a tax sale looking for any advice.