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.
Kyle Carter
Negotiating Favorable Terms
12 January 2025 | 2 replies
Understanding their motivations allows you to frame your offer in a way that aligns with their goals.
Marembo Alexandre
New Year Goals - A little nervous
31 December 2024 | 2 replies
I want to thank the few people that took the time to welcome me to this community. I am very blessed to have found this platform.
As i mentioned in my introductory post, I am really looking to using next year to jump...
Lisa Albright
Rehab personal home taking funds from rental property equity
13 January 2025 | 8 replies
LOne common strategy is doing a cash-out refinance on one of your rental properties to tap into the equity.
Gregory Schwartz
What is a good occupancy rate for MTR
9 January 2025 | 8 replies
I also advertise before someone moves out to get a new tenant before the current one leaves. 100% occupancy on a LTR is very common for me.No idea on a MTR.
Reno Philip
Connecting with other Houston investors
10 January 2025 | 15 replies
I’m looking for mentorship from other investors in this forum to help me identify deals, help avoid common pitfalls and learn from failures.
Erick Pena
Advice Needed: Identifying "Good Deals" in Real Estate Investing
16 January 2025 | 12 replies
Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.
Penny Peng
Preferred equity or common equity in a syndication
13 December 2024 | 10 replies
Some funds offer preferred equity and common equity in the capital stack.
Pearse Cafiero
New To Investing
31 December 2024 | 11 replies
This is one of the most common challenges in the LA County community on BP.
Sakib Khan
Thinking About Buying My First Rental Property – Need Advice for the Near DMV area!
14 January 2025 | 10 replies
My main goal is to find something relatively close to the DMV area but without the DMV price tag.