All Forum Posts by: Michael T Carrigan

Hello All

from what I've read and heard is that I need to see what amount I qualify for before I find my first property so I can move quickly when I find it.

I also heard/read to check between 3-5 different lenders to see who has the best to offer. My question is that if I go from bank to bank, won't each inquiry affect my credit score?

Or would I just see what I qualify for through a HELOC or whatever seems best at one institution and then compare my first option to other lenders for the best rates?

Hopefully this makes sense. I want to get multiple options without having multiple credit inquires.

Thanks in advance

Hello all,

Does anyone have a contact for a RE attorney and a RE accountant that they've worked with or can recommend in the Ft. Myers-Bonita Springs-Cape Coral area of SW Florida?

Secondly, when analyzing a duplex or small multi family and the listing says, lets say $1200.00/mo for a 4bd, 2bath, 2000 sq ft., am I correct in assuming I should double that number? Seems like this would indicate that it's $1200.00/mo for one side and should be doubled?  It doesn't specify.

Not sure since I'm new at this and want to do it correctly to get proper results.

Thanks.

Hello All

New to BP and investing and looking for local meet ups in the Estero/ Ft. Myers/Cape Coral areas of SW Florida

@Michele Patterson sorry, new to the game. What does CRM stand for?

Well thank you for the responses. After reading them, I realize that I was too vague. I'm looking at a commercial property specifically and wanted to know what would be the best BP calculator for me to use to analyze if its a good deal or not. Is there a commercial property calculator I should be using?

I'm new to the game and trying to run some numbers for some friends who are looking to start a new business.

I'm wondering what would be the best calculator to use.

Just recently started checking out BP with advice from a friend who's fairly new to the REI game, super excited.
My situation is that I have my house completely paid off and I’m wondering if I should take a loan out on my existing house to finance my first property or leave it alone and try to get try to get traditional financing based on my current income. 
With that said, I'm a small business owner with not a huge amount of NOI because I'm getting killed on biz insurance, health insurance and franchise fees.
Any advice on this would be greatly appreciated. 
looking forward to get started on long term financial independence. 
cheers