Account Closed
First time REI and looking into multi family apartment buildings
I've been considering getting into RE investing for a long time but have always lacked capital. Now that I am further in my career I am at the point where I want to jump in and get started. I am looking at multi-famil...
Bruce Smith
Spanish real estate agents with English speaking clients
So recently I got permission from an agency to be an undercover client to determine how well prepared their agents were in English. I did two hidden audio recordings of the initial meeting in the agency and the viewin...
Nash Mittelman
FHA loans and the deal killing self sufficiency test
I'm a real estate agent in the bay area and have found that three and four-unit buildings with FHA loans don't ever pencil out because of the "self-sufficiency test". I'm wondering if (and where) agents or investors h...
Sean Dezoysa
Using a service as consideration (instead of cash)
John Schaub says that considerations don't have to be in the form of cash; they can be a service. He says if you're optioning a property, you may want to make your consideration an "initial house cleaning" or some oth...
Steven DeMarco
Help with deal analysis on house hacking into a fourplex
Hello everyone - wanted some help fleshing out my thoughts on this deal analysis for a fourplex in Utah. I'd be owner occupying one of the four units and using an FHA 3.5% down loan. Also, I may have the option to get...
Steve Balinski
Very disappointed in BP RE: house hacking 3-4 unit
For the last few months, i've been VERY eager to start my vision of becoming financially free through the house hacking method. I've listed to MANY BP podcasts explaining how people buy a duplex or 3-4 unit property ...
Stewart Wyne
The Log House at Sugarloaf - Vacation rental cash cow
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $1,100,000
Cash invested: $250,000
This luxury custom log home is a 6BR 6 bath, off-grid eco solar home and...
Michiel Hart
earnest money for contract
Hello BP, how much money would you need down for a purchase agreement for a property under $40k in OH as a wholesaler. Just asking because some use a percentage rule and some just use $10 that I've seen.
David Lao
Bought a Oakland 4-plex to house hack and hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Buy & hold 4-plex with deferred maintenance. Below market rents, FPE panels, fuse subpanels, mold, leaky roof, non-compliant sew...
Ben Hunt
How strict is the FHA Self Sufficiency test?
I'm looking at buying in an off market 4-Plex in Austin Texas using FHA financing where passing the self sufficiency test is iffy.In my calculations, 75% of the total rent covers approximately 100% of the PITI. Howeve...