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First off I need some help understanding financing on a 5 plex. I've read that I can't do a convention 30 year fixed on property with over 4 units? If I can't what options do I have and how much higher are the inter...
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I came across a bank-owned quadraplex for sale in a complex of 19 other vacant quadraplexes. Asking price has dropped to $1500, so about $2300 with closing costs. It's bank owned, so there are no other liens or back t...
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Is simply applying the 50% rule running the numbers? In other words, can I simply calculate what my P&I will be and as long as it's 50% or less of the expected rent, then the deal has potential? Can this replace...
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Hi all. Looking for some help. I live in Maine. Looking for my first investment property. I found a few so far and this one seems the most promising. There are currently 4 rentals in place. One 3 bedroom and 3 2 bedr...
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I hear these ads on the radio or on Facebook all the time... "Learn to start flipping houses right here in your neighborhood." And a 100 other come ons to get newbie investors to pay money to get some knowledge about ...
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Hello all,Need advice on below, would like to know from experts if we are missing anything and how is this deal overall.We just started researching about investing into commercial real estate and stumbled upon this pr...
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Hi,I am new to real estate investing - BUT, I just closed on my first deal! Very exciting! I am already looking forward to doing another deal, but am wondering how far is 'too far' to leverage? (i.e. how much debt is ...
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When analyzing a property on a site like LoopNet, do you use their NOI that the seller has listed, or will you calculate your own NOI using the 50% rule or something similar to analyze it?
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Hi Biggerpocket family, here's the situation and I would like to ask if anyone has any suggestions.We made an offer on a house out of state, gone through the inspection and appraisal. On the appraisal report, the livi...
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Hello everyone!I am a senior in college, looking to get a job in civil engineering and then gradually transition to RE full time, although I'm not sure what that will look like. As a student with some student debt, sh...