Pat O'Connor
San Diego Property Managers
22 January 2025 | 4 replies
Are their listings detailed with good quality photos?
JoLea Conn
Golden Capital Holdings llc?
18 January 2025 | 3 replies
Their website says they do lots of things in the real estate world but there isn't much detail.
Tara Jenkins
The Cycling Mermaid
30 January 2025 | 1 reply
Quality furnishings, attention to detail, and seamless operations helped set the property apart, maximizing its earning potential.
Lindsey Waltz
85% ltv DSCR
29 January 2025 | 7 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.
Jesus Santoyo
Looking to Join a Broker Team
29 January 2025 | 6 replies
Thank you for providing more details @Jesus Santoyo!
Annie Anson
How to meet material participation hours for out of state investors
22 January 2025 | 25 replies
These are the critical tests you will need to achieve and support with a detailed time log.
James Wise
Comically Bad Realtors
21 January 2025 | 10 replies
@James Wise LOL, Devil is in the details.
Max Bellino
Online Cost Seg studies Vs Site Visits
28 January 2025 | 6 replies
Detailed answer:https://www.biggerpockets.com/forums/51/topics/1136752-expla...
Leon George
New to BP Community
24 January 2025 | 13 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?