Chris Eaker
Commission when purchasing an apartment complex
12 July 2017 | 14 replies
The listing broker of one of these large firms might have 3 agents assigned to the listing. 90,000 split by 3 is 30,000 giving half to brokerage each makes 15,000 on the same sale I make 90,000.
David Lowe
What is the best way to calculate an ARV?
19 May 2016 | 1 reply
Using comparable sold properties with similar condition to your end product, within a 1/2 mile (sometimes a little further), less than 6 months old, within 20% of square footage, not crossing major boundaries ( high ways, school districts, city lines, etc).
Jennifer Bondhus
FHA Lending
19 May 2016 | 4 replies
@Jennifer Bondhus once you use an FHA loan you are not able to get anther FHA loan unless you can prove extenuating circumstances (took a job miles away, growing family, etc.) or sell/refinance out of FHA loan.
Tim Slatt
Hello from southeastern MA
21 May 2016 | 4 replies
My story is probably pretty common...bought my Fall River, MA condo in 2007 (when I thought we had hit the "bottom" of the market...ya), lived in it for 5 years.In 2012, my wife and I wanted to buy a house, and selling the condo was out of the question since I could only get about half what I owed.So, we became landlords.And a funny thing happened…I enjoyed the process and a lot of things about it.I’ve found two great tenants who are low maintenance and pay on time.So here I am, looking for more property.I think I know what I’m looking for as far as a good deal, but I worry I’m not going to be able to finance the deal when I find it due to lack of funds.Hopefully between this forum, the podcast, and the half dozen books I’ve bought, the answers will come.We’ll see what happens!
Perry Apawu
New to the area
26 May 2016 | 7 replies
Specifically in a radius of five - ten miles from Ulmerton Rd. and Seminole Blvd
Joseph Rath
Glad I Found BiggerPockets
26 May 2016 | 12 replies
Personally, I'd suggest looking for a duplex to own and rent out the other half sooner rather than later if possible.
Lester Terrance
Property under contract in DC/ Issues with Finding ARV
20 May 2016 | 5 replies
My agent forwarded a list of comps (6 months) within a 1 mile area.
Andrew Gilchrest
New member from Lexington, KY
20 May 2016 | 1 reply
I've listened to half a dozen podcasts from BP and thought I'd take the plunge.
Andrew Gilchrest
New member from Lexington, KY
20 May 2016 | 1 reply
I've listened to half a dozen podcasts from BP and thought I'd take the plunge.
Michael R.
Property Tax Hike! Underwriting advice?
20 May 2016 | 0 replies
We closed on a home last June and added the taxes into our spreadsheet $300 higher than they were the previous year since they seem to go up by a little more than half of that each year and wanted to be conservative.