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We are now 3-4 months into the COVID-19 crisis. Thankfully, all our tenants continue to pay rent. A few have been late. One in particular, has been provided an extended grace period at least 3 times during the past...
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Hey guys! I’m truly a rookie trying to read and learn as much information as I can so bear with me. I’m currently a travel nurse so I move every few months. I’ve always been interested in real estate. I’m originally f...
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I am buying a property through a wholesaler with a HML and we have run into an issue. The wholesaler does not want the assignment fee to be on the HUD1 and the HML wants it to be on the HUD1. If it is not included o...
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Hi everyone,I have found a 4 unit apartment complex that is in a desirable neighborhood and passes th 50% and 2% rule. My question: Can I finance this using FHA (3.5% DP) and get a 30 year fixed interest rate? I know ...
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One of the higher end areas in Prince George's County, MD. Usually stick to ARVs of 300k or less. This one listed for $407k now. Hopeful to get something close to that.
Numbers:
Buy: 232,000
Re...
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I want to invest in a different state than where I live but Im not sure how to do this.Is there anyone on BP who are absentee landlords and are doing well investing this way?I would love to hear stories of how you sta...
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Hey everyone! My name is Andy and I'm over the Twin Cities of Minnesota. I've done a little of my homework, having just finished Rich Dad/Poor Dad, as well as BP's Ultimate Beginners Guide. Looking to get into multifa...
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Hello Everyone!My name is Mason Adelman and I am from Chicago, IL. I live in the city of Chicago in the River North district.At the moment I am a Freshman in college attending Indiana University under the Kelley Schoo...
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I own a rental in southern California and want to 1031 exchange it for raw land then build a 2nd home in Arizona, at least, that's what I want to do. I'd like to set up the new AZ place as my permanent residence and w...
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Hello BP,I am under contract on my first deal in Holt, Michigan (just south of Lansing). Its a 2/1 duplex on a 1 acre lot just on the outside of town. My family and I are going to move into half and rent out the other...