![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2121724/small_1624312160-avatar-gapo.jpg?twic=v1/output=image&v=2)
10 July 2022 | 10 replies
One lender is telling me they can give me a 3.5% rate if I go with them and the other is telling me that he doesn't want to lock me in a rate because there is a chance the rate will go down (however, estimating a 3.75% rate)My question is, can a bank offer whatever number they like and lock in the rate or does it really depend on the market.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/926936/small_1621505679-avatar-trevord26.jpg?twic=v1/output=image&v=2)
3 February 2022 | 1 reply
Purchase price (estimate): $370,000Rehab: $80,000 (ultimately two of the eight units have been recently remodeled, but the remaining six units will need cosmetic updates.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1514575/small_1621513108-avatar-stephanieg109.jpg?twic=v1/output=image&v=2)
12 August 2022 | 22 replies
And they shoot low on the rent estimates, so things may be better than what they seem there.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/630643/small_1645035364-avatar-anthonyp82.jpg?twic=v1/output=image&v=2)
1 February 2022 | 8 replies
The best one I completed was located in Concord (sub city of Charlotte) in October of 21 Purchase price 94,000Reno 47,442Appraised Value 205,000 (we originally estimated a 175k ARV)On this one, we carefully picked our finishes which needed up making it the nicest one on the block.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2298935/small_1638465340-avatar-brians1096.jpg?twic=v1/output=image&v=2)
8 February 2022 | 8 replies
I've heard various estimates for closing costs, ranging from 2.5-5% of the property value to the $1500-$2500 that the BP calculator suggests.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/593370/small_1694706889-avatar-shelleyg8.jpg?twic=v1/output=image&v=2)
2 February 2022 | 10 replies
Would you do short term rental (airdna estimates $88k gross per year at 55% occupancy rate) or long term rental at $60k gross per year?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2345793/small_1648479088-avatar-karesw.jpg?twic=v1/output=image&v=2)
1 February 2022 | 9 replies
Can you give me an estimate"It is that simple and long introductions tend to scare people, turn them off and allows them to build a block wall barrier.I relate door-to-door sales like asking you if you want a bottle of water.
31 January 2022 | 1 reply
I am having a company come by tomorrow and give me a closer estimate.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2371210/small_1643361180-avatar-isaacf64.jpg?twic=v1/output=image&v=2)
2 February 2022 | 2 replies
Zillow's estimate is not accurate, that is why they call it Zestimate.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2375400/small_1696046729-avatar-justinc261.jpg?twic=v1/output=image&v=2)
2 February 2022 | 8 replies
I found a duplex on the MLS that's in bad shape and am trying to estimate the rehab costs (pictures below).