I purchased my first property at the end of last year a single family in the Washington local area, rehabbed it ,refinanced , and now I'm looking to repeat. Using only this strategy I'm only working with about 50,000...
Hello Everyone
I currently own my primary residence in Chicago in which I got the house for 175k and I currently owe a little under 120k. I have been in my home for eight years and I want to invest in another propert...
Good morning all, I have formed an LLC out of state in order to insulate myself when buying mortgage notes. If I put that asset in the name of my LLC and receive payments through it, I am assuming I will have to pay s...
Hey BP,If you had a single family rental with 250k worth of equity in it with a 2.625% interest rate, and about 800 a month in cashflow, would you trade it up for a 1 mil dollar property at 8% interest rate and 1600 w...
I live in a place where the rent to mortgage ratio just doesn't work. I'm heavily leaning towards investing in Milwaukee. I've already found a great real estate guy and lender who are both investors and renters. Wh...
Good morning BP,Obviously, as everyone knows interest rates have risen and properties are sitting on the market longer than they used to, at least in my market. I know a lot of investors on here take full advantage of...
I'm just starting up in real estate and I'm in the CT area where the medium house is approximately 365K. I'm just finishing up grad school and moving to Hartford, CT for a new job. I have about 50K in funds.
I was t...
I’m buying a lot and doing all the prep work (septic, well, power, grading, driveway ect) then putting a brand new mobile-home on the lot. Looks like the lot and prep are going to be about $25k the home will be around...
Hi BP community, this is my first post! I am looking for a 4 unit multi-family and have identified some candidates. I want to know if using 7% (of gross rental income) for repairs, 7% for cap-ex, and 7% for vacancy is...
Hello - I'm getting ready to make a few offers for single family properties in the area of Everett / Paine Field. My goal is to buy and hold (rent the properties for income). I'd be interested in feedback from more ex...