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13 February 2025 | 2 replies
Purchase price: $295,000 Cash invested: $50,000 Single fam home, desirable neighborhood.
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14 February 2025 | 21 replies
However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.
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16 February 2025 | 1 reply
My brother had access to the other $160K but ultimately purchased a 4-plex two months later using his own money instead.Currently, its written that if my brother doesn't use the funds then he gets 160k value from the estate extra, as I used my half already but then my dad suggested a 2% annual appreciation on that amount seems fair on the 160k for him, and now he believes it should match his home’s appreciation, which is roughly 5% per year.
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3 January 2025 | 0 replies
I would like to learn more about seller financing, I see a lot of information on the internet about seller financing but honestly I am just confused.
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12 January 2025 | 3 replies
Meet with a local banker & schedule a time to talk with a mortgage broker, they'll give you at least a baseline of what kind of down payment options and rates are out there.After that, if you're still wanting to research more creative options, do some looking into seller financing (a very hot topic with good, and bad, advice out there), look into private lenders, and commercial financing options.If you're wanting to live in 1/4 of your quadplex, then conventional residential loans may in fact be your best option as you can purchase that with a fannie/freddy loan with very low down, and use up to 75% of the income from the property toward your own income.
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3 February 2025 | 3 replies
RentRedi has options of "Accept", "Reject", and "Request Update (more information)".
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4 February 2025 | 1 reply
Purchase price: $655,000 Cash invested: $40,000 Sale price: $770,000 Purchase and hold.
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20 February 2025 | 2 replies
Look if the preapproval parameters mets match the offer (down payment, purchase price, etc)3.
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22 January 2025 | 15 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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20 February 2025 | 15 replies
The people listed below have been all over BP and can provide great information