Ehrich Roberts
New to BP, seeking options in relation to financing
18 December 2024 | 4 replies
Quote from @Ehrich Roberts: G’Day,Grateful for any advice in relation to mortgage options in British Columbia where liquid capital in combination with rental income would be accepted towards qualifying for a mortgage.
Nicholas Haubner
4-family to 5-family with owner occupied unit
4 January 2025 | 5 replies
Health and safety inspections don't seem to care much about zoning or permitting issues.
Martin Jones
Raising Capital When First Starting Out
16 January 2025 | 4 replies
The best way to connect and learn is to be in rooms where it's going down.In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry.
Tannia Castro
New to Rental Property Investing
16 January 2025 | 9 replies
Ask if any of the contractors are related to the PMC's employees.
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
Medical- anyone with TB, Cancer, history of vaccinations, etc terminal or key health issues not allowed in.8.
Jonathan Blanco
Is it worth seeking lenders with $0 lender fees?
25 January 2025 | 12 replies
For the most part, most lenders are going to be relatively close in cost assuming we are talking about a straight forward loan product, we all borrower from the same pool of money to make these loans.
Tyler Edens
House Hacking Budgeting
20 January 2025 | 4 replies
Can you share some financial numbers related to your house hack?
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Michael Klick
2025 and Looking to Invest in Real Estate
21 January 2025 | 7 replies
It gives you access to funds at a relatively low interest rate, and you can repay it as the rental generates income.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.