I have identified a 6 unit apartment building where I would like to house hack. The asking price is $1.5m. I have $40k in savings. What is my next step to get this financed? The numbers make sense once the building is...
How do you value a small MHP that currently has 15 lots but was approved by the city to expand by another 20 lots? The current owner has received approval hasnt starting to built out the lot space and the utilities ha...
I've found a house listed on the MLS since 12/12 for 14k. It says it is currently rented for $500 per month. It is a 3/1 @ 1056 sq ft and rent estimates say it should be closer to $650-$700. I'm seriously consideri...
Being new to this real estate investing world, I have been reading a ton on BP and in other places. Also joined a guru REI club but only spent $500.00 on it, had I found BP first, I likely would not have done that. ...
Good morning BP community,
My father owns 7 units and 1 commercial property all but one of which has the potential to cash flow (some of the units are currently occupied by family at little or no rent). He is...
I am looking at a property that due to a variety of circumstances it does not have a lot of historical information available. This got me thinking about how to estimate gas, electrical etc. Yes, during the DD period,...
I want to make an offer on a property, but the property has half of the units vacant due to bad management. What would you do to determine your offer amount?
Hello,I own a condo in Weehawken that has a rent controlled tenant for many years. The tenants lived in this apartment even before the apartment building turned into condos in the 1980's. Ive tried to sell the condo a...
Newbiew investor here.
I used my VA loan to house hack a duplex (purchased in May 2020). I bought the duplex as a VA foreclosure around ~170k, appraised at 186k as-is, and it was previously sold in 2017 for ~225k. Pr...
Im a REI newbie. I’m ready to start searching for deals, I’m considering brrrr for SFH and MF. But I feel like I need a better understanding of all the financing options available. What’s recommended for a beginner...