Hello everyone!Here’s the backstory (we are from the greater Boston area):My family and I just recently finished our first 2nd fix live and flip deal. We are currently living in the second home in a much better apprec...
Plan on buying my first property a 1-4 unit (FHA Rules) and occupying one of the units my self,(again fha rules for one year) but do plan on using the brrrr method to finally get my start. Now obviously FHA due to the...
I'm looking at a deal where the numbers all look good, but there are two additional units in the back without permits. Is it hard to make them legal (in california)? Does it take a lot of time or money? I would like t...
I am working on a deal right now for a 3 family, the numbers look good and the seller is offering owner financing, which is attractive, also he is negotiable on price. There is currently one vacancy and the other two...
Hello starting to analyze first time investment properties using a HELOC for down payment. How do I calculate if I'm using the HELOC with a fluctuating interest rate? How much more cash flow should I have above HELOC?...
I'm a newbie and the other day I was on the phone with a mortgage broker and when I asked him about rehabbing and refinancing he told me it wasn't a smart move. He said the cost of the refi might end up eating up any ...
I currently have a SFR rental in Los Angeles area which breaks even. It has a $150,000 in equity. The home I live in has $100,000 in equity in the same city. I would like to turn that equity into multiple rentals or u...
I am planning to buy single family home in milwaukee WI area . Home price is $55k and rent is $700/month. Does anyone suggest me is this good deal in milwaukee area for cash flow?
I have some terrible renters that their lease is finally near expiring. They are also 2.5 months behind on their rent. They were on a payment plan but have recently stopped payment, gone no communication and telling...
I had just joined BP during this time & there were so many on here that said I should just sell the thing because "the 50% rule doesn't work for this rental." Write a check for $10-$15k so I could go buy another h...