Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
An Duong Figuring out Providence ARV.
4 March 2020 | 3 replies
Because the financing is different for buildings with more than 4 units, as you may already know, you can't really use a per-unit price on a 4-unit and extrapolate to a 5 or 6 unit :(Instead of looking for comparable sales, you usually end up having to apply a market cap rate to the net income (NOI) of the property, which appraisers call the "income approach".As for what's a "market cap rate", well that's about as much art vs. science as (in some way) choosing good sales comps are.For a B area of Providence I think you'd be safe using a 5% or 5.5% cap rate, but if it was an A area like the East Side you might want to go with 4% or 4.5%.You should also ask around as I certainly haven't done any market survey of cap rates.
Chyniece Cox How cool is real estate?
3 March 2020 | 2 replies
And what made you choose this Feild?
Darsh Kumar Physician Loan (100% financing, No PMI, 3.5% interest, 30 yr)
4 March 2020 | 19 replies
From what I've seen and I'm sure some realtors can chime in - but I'd spitball anything $200k and lower is prime as there just isn't much to choose from (if you are thinking about resale and how fast you can move later on as most Dr's it seems like complete their residency in town ... if that's what you're doing....then move shortly thereafter)Anyways if that's the high end of your budget you have the pick of wherever you want to live.I did the whole roommate situation - but will tell you this - as someone pointed out - Wichita is fairly affordable so IMO having done the roommate situation there  here's my perception.You either need to offer a KICKAxx space (which a $500k house would do) to get a roommate or it needs to be pretty affordable - or a combo of both.   
Scott Randall Cash vs. Hard Money - IRR vs actual real Dollar return?
3 March 2020 | 1 reply
Which would you choose and more importantly WHY?!
Blake Jones Do you really require the first, last month's rent + the deposit?
4 March 2020 | 34 replies
I have noticed that a lot of landlords are choosing not to require last month's rent.
Christopher Eckstorm Seller financing for portfolio deal
3 March 2020 | 5 replies
Was definitely a piggyback question as far as bundle discounts and offers to see how often buyers pick and choose or make my own bundle so to speak.
Lauren Garritano House Hacking with a Bit of Luck
3 March 2020 | 0 replies
We wanted to have financial freedom as well as be able to choose how our lives were going to play out.
Nathan Hughes Prefered billing for handyman services
4 March 2020 | 11 replies
Do you find that new clients are willing to choose that option or is that a system built from trust and repeat business?
Hudson Walker What to do with $30,000 cash!?
3 March 2020 | 6 replies
Many people choose the BRRRR strategy (my favorite) and purchase a Duplex, Triplex, or Quad and house hack living in one unit.
Account Closed Choosing a New Rental Market
4 March 2020 | 6 replies
Unless there are so many deals to be found in either Market A or B and you have to choose only one, I would put both markets in my funnel.