My best friend from HS has been working diligently for a long time and has managed to accumulate about 100k in cash savings. He only has one house but wants to jump into RE. Bc I am obsessed with RE, keeps asking me...
I am curious how the refinancing part works in the BRRRR strategy? What will the bank require for you to refinance the home you just fixed up and that you are looking to keep and rent out? Will they require you to hav...
Hi BP!!
Hope everyone is well, and gearing up for a great Thanksgiving.
I just made my first offer on my first property yesterday. It’s a single family home in Albuquerque, NM.
My question is, does it matter whe...
Hello all, I currently own 3 townhomes on a street with a total of 12 townhomes. The owner next to me has offered me a owner finance deal for his 8 town homes for 400,000. He wants 80,000 up front on a 3 year balloon ...
Stuck on what to do next…I currently have a 1 bedroom condo in Boston that rents for $1,700. Over all it is in pretty good shape and monthly expenses + mortgage/HOA by the end of the year come out to around $1,100. So...
I get asked questions from new and aspiring investors all the time. All too often, they go something like this: What’s the best thing to invest in? I have $xx,xxx, how should I start?Hey, I’m flattered. I’m flattered ...
Hi All,
Hoping for a few opinions. I have a duplex in a very trendy and fast growing area on the west side of Cleveland (Gordon Square). I bought the place almost 5 years ago.
This year I decided to update both uni...
I would like to preface that I've already sent this to my CPA (so please don't suggest "Contact your CPA") I'd like to hear from the BP community and your ideas and thoughts. Thanks in advance!Scenario 1:A flip - turn...
D- Magazine with an article suggesting that the top end of the MF high end apartment market is in really bad shape from a pricing perspective.I think this is an early sign that we are seeing the end of the boom in Dal...
Hello everyone,I am in the process of saving for a down payment on my first investment property and am looking for some advice. Some background on my personal finances I contribute the maximum amount that my employer ...