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All Forum Posts by: Bill E.

Bill E. has started 43 posts and replied 125 times.

Post: fha vs conventional for duplex

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18

I am going to be buying a duplex to owner occupy or "house hack". The price is around 125000. Now I can either FHA at 3.5 percent down and go that route. I also found a lender that would do 10 percent down conventional loan at 4.4% interest. I have the money to put the 10 percent down, although I won't have much money left over. Which option is best and what factors do I need to consider? Thanks bp.

Post: Pittsburgh multi family

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18
Originally posted by @Anthony Angotti:

Hi @Bill E.

What kind of returns with regards to cash flow, cash on cash return, etc. are you looking for? That might help people send some your way. 

 This will be my first property, and I am going to owner occupy. Looking for at least 100 per door. 

Post: Pittsburgh multi family

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18

Hello I am looking for a 2-4 unit property in Pittsburgh, specifically in Monroeville, or close proximity to. If anyone has a lead I'd be happy to hear it.

Post: Don't buy a house, just buy a four-plex

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18

Hey Ryan, can you post the numbers on your 4 Plex deal? 

Post: Property Calculator of Choice

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18

The calcs here on bp are good but you can only use 5 times then you have to pay. Can anyone recommend a good free rental property calculator? 

Post: Auction.com???

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18

How do you figure out if the title is clear and there are no leins on the property? Have you ever bought one with a lein on it?

Post: Pittsburgh!!!

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18
Originally posted by @Gary Swank:

Hi @Josh Culver Welcome to Biggerpockets. I would like to hear more about your interest in investing in Pittsburgh. I do know the market well. Thanks, Gary

 Hey Gary, whats your take on the Monroeville area for buy and hold? 

Post: New Member from western PA

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18
Originally posted by @Sonya Brown:

My husband and I got into real estate investing 10 years ago with our first rental property, which is a duplex in Monroeville, PA. We want to get back into real estate investing and are looking to rehab and also hold onto properties for the long term. We eventually would like to maybe get into the commercial side of real estate. We recently joined a local REIA and would like to meet other like minded individuals in our area.

 I'm curious to know if you still have the duplex in Monroeville? I have been looking for a small multifamily in this area.

Post: Personal banking and investment property

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18

but don't I have to have a business entity for A business account?

Post: Personal banking and investment property

Bill E.Posted
  • Pittsburgh, PA
  • Posts 126
  • Votes 18

my concern was mixing my rental with my personal account