All Forum Posts by: Account Closed

What's the typical home insurance expense like in Boston areas for multi-family? Does the conventional home insurance comes with standard liabilities insurance?

I've been keeping a pulse on this mixed use property (2 units) that has been on the market for several months. It is located in a very active developing city. The price is under market. The cash-on-cash return is about 11%. I'm curious do investor avoid property that is zoned for commercial purposely?

What is a sound plan when using home equity line of credit to purchase an investment property?

Ahh...back from a long weekend. Thanks for all the help guys.

Salutations BP community, I hope you're having a sublime day on this day, a day with wondrous, illusory dreams. Alright, I'll stop. Onto a more serious note, imbued with gravitas, I am looking to use my home equity to invest on a multi-family. So I need to know what's the typical cash flow that an investor gets when buying a multi-family real estate? I have used the 50% rule and the BP calculator to analyze various properties and the cash flow is marginal. Also, what sort of set of personal indicators you use to tell if the multi-family property is a good investment? I live near Boston and would be interested in hearing some provincial local advice. But everyone's opinion is appreciated too. Thanks!

Salutations BP community, I hope you're having a sublime day on this day, a day with wondrous, illusory dreams. Alright, I'll stop. Onto a more serious note, imbued with gravitas, I am looking to use my home equity to invest on a multi-family. So I need to know what's the typical cash flow that an investor gets when buying a multi-family real estate? I have used the 50% rule and the BP calculator to analyze various properties and the cash flow is marginal. Also, what sort of set of personal indicators you use to tell if the multi-family property is a good investment? I live near Boston and would be interested in hearing some provincial local advice. But everyone's opinion is appreciated too. Thanks!

thanks @Ned Carey

I would rather not meander around the bush and just straight shootin' because "ain't nobody got time for that." So, the question is: Who pays the broker and the agent? Quicken Loan said that the seller would pay for it. However, I no longer work with Quicken Loan so...

Well, I was working under the premise that the house that I'm inspecting will obviously have problems. I mean, it was pretty tangible. I needed to get the offer accepted as my first goal and then I will use a "punchlist" after inspection to request the seller to restructure the deal. But obviously, yes, making offer should include the conditions.

Thanks guys.