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30 September 2024 | 19 replies
I hadn't expected a response but this website seems really good!
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30 September 2024 | 10 replies
It depends to a large part what their expectations are.
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30 September 2024 | 5 replies
@D Kirk If I was presented this offer to partner I would expect a percent of the deal that would compensate me for the risk I'm taking.If it's your first deal, then you would probably have to give up more equity.
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30 September 2024 | 10 replies
@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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 Class A property in Class D area, what quality of tenant will you get?
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30 September 2024 | 3 replies
Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.
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25 September 2024 | 2 replies
Most investors that have tried to purchase an investment property recently have been shocked by how high prices have remained given the higher interest rates and growing negative economic news. What gives?
I am c...
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30 September 2024 | 17 replies
Lastly expect to pay 2-3 points in cost for a hard money loan and rates to be 12-14% for first time investor.
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26 September 2024 | 1 reply
Hi BP Community,
I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:
Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Tim...
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1 October 2024 | 2 replies
Then look at the expected rent and NOI you are looking at for that 4-plex (or 6- or 3- or whatever) that you could buy for $948,000.
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23 September 2024 | 6 replies
Against my better judgement I modified the criteria based on feedback I received and this is not going as expected.