John Hickey
Long term BRRR in Bed Stuy Brooklyn, NYC John Hickey
28 January 2025 | 71 replies
My payment after was 3461 rents 6350(with new tenants coming in I raised rents in apts 2 and 3 to 1800/1850 respectively.
Beau Alesi
Looking to buy
25 January 2025 | 7 replies
It might make the most sense to just sell your primary residence and use it as 40% to 50% down payment on your future home.
Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
Jason Dubon
Small Multifamily - Maintenance/Expense Project
5 January 2025 | 7 replies
Hey everyone, what tools/method do you use for estimating the cost of maintenance and repairs of a multi-family home (2-4 units) ?
Christina Swaby
Do you provide incentives to your contractors?
28 January 2025 | 1 reply
I handle payments by draws and I must always be ahead and work versus payments.
C.S. Bryson
Is this a good deal? Looking for advice on my first investment
16 January 2025 | 0 replies
Down Payment: 20% of the purchase price, equal to $43,0003.
Adam Newman
10% down or 20% down???
23 January 2025 | 10 replies
How many mortgage lenders have you spoken with to get qualified and discuss allowable down payment options?
Courtney Dettlinger
Should I use home equity loan & how
22 January 2025 | 1 reply
Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.
Jay Fayz
House hacking as a student
28 January 2025 | 8 replies
1099, social security, trust payments, annuities, etc?
Kyle Harris
Learning the ropes
13 January 2025 | 1 reply
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.