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Results (10,000+)
Account Closed Struggling to pull together financing for a 9-plex.
1 April 2024 | 4 replies
Honest opinion - this seems like a great opportunity for you with 70% LTV at 5.5% for a property this type/size - I would be very very careful if you need to get the other 20% as a relatively new investor - someone willing to lend the remaining 20% could easily take advantage or come up with terms that could cost you - definitely depends on the further info - but tapping the equity of your current rentals and taking down the full 30% equity stake in this acquisition would probably be the best bet
Alexandra Berman BRRRR - financing / loan question
1 April 2024 | 6 replies
Hard money where they finance the purchase price plus 100% of the renovation budget is your best bet.
Cillian Kelly How often do you recast your mortgage?
1 April 2024 | 4 replies
One thing to note is by paying it down, it can hurt liquidity so if that is an issue, keeping it in a bank account would be a better bet, but if liquidity not an issue, then I agree 100%
J Scott Controlling Your Appraisals
3 April 2024 | 83 replies
The popularity of many respondents on BP are more of a qualifying measure than any professional designation or degree of real experience.
Penny Peng Newbie to syndication
1 April 2024 | 8 replies
Contrary to popular belief, this is not set because I believe it will give me a higher return.
Bryan Nwokem What should I do ( FIRST POST)
2 April 2024 | 45 replies
Something like EaDo, midtown, maybe a small fixer around the heights (more heights adjacent than heights proper due to the budget) that is not betting on the neighborhood turning make the investment work.
Stan Tallman Seller threatening to break contract to put back on market (for more $)
2 April 2024 | 59 replies
Contrary to popular belief though, law is very, very "malleable" depending on what modifies the position and various lawyers interpretations.
Palani (Pono) Wright How to calculate insurance when analyzing deals
31 March 2024 | 12 replies
Your best bet would be to call an insurance agent and ask for a quote.
Aryan Strauss Evicted for smoking off property?
1 April 2024 | 11 replies
You're just a bad bet, and the longer you stay, the more pervasive your stench will be in the unit.