Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Chris Magistrado
Do Real Estate Agents work Remote?
23 January 2025 | 9 replies
You can't show the home to potential buyers.
Mike Beer
Has anyone tried the RaiseMasters program by Hunter Thompson
14 January 2025 | 39 replies
Just a heads up, we don't post our prices publicly because we raise them frequently given our growth, and don't want potential members to get outdated pricing information.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
Donald DiBuono
Buying a Trust vs Sub To
23 January 2025 | 6 replies
In his words, this is away around the due on sale clause that you can run into in a sub - to transaction.My question - if the seller puts the property in a trust, will this avoid the potential of a due on sale clause?
Jack Pasmore
Excited to Connect with Fellow Real Estate Investors!
22 January 2025 | 3 replies
I’m currently active on BiggerPockets to connect with like-minded investors, exchange ideas, explore potential opportunities, and provide opportunities through my network to collaborate with others.
Kasey Hardt
Development Update- The Iron District
22 January 2025 | 0 replies
Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.
Rob U.
Flipping homes on land leases
1 January 2025 | 5 replies
Properties typically on a land lease in communities like this are more difficult to get financing on - so not only check the values but also time it takes for these properties to sell to understand your holding costs
Richard Bautista
Too good to be true to have connected with a real estate agent who has a whole team?
8 January 2025 | 29 replies
I can't imagine flying out there for a day or two with a hotel can cost you $10K.Flying out there is like you paying for an insurance.
Denise Evans
Identify All Acquisition Costs Before Buying
20 December 2024 | 2 replies
For cash-on-cash evaluation of rental properties, it is critical to identify ALL of your acquisition costs.