
5 July 2019 | 10 replies
My advise is Insure it for only what you could theoretically buy another one for ,In the same general area of equal size and quality ..do not insure for rebuild cost .

5 July 2019 | 10 replies
@Chris Miller Project Managers are crucial especially if you are new to the game.

3 July 2019 | 1 reply
One thing that caught my attention, however, was the line:RESIDENT may not change locks without providing a key to OWNER/Agent.I wonder if this might invite a range of challenges and involve unnecessarily surrendering some crucial control of your property.

6 July 2019 | 4 replies
Your analysis of how long it would take for the cash flow to equal the refinanced $113k is exactly how to look at this...but you stopped there.

7 July 2019 | 3 replies
Pay down all the loans equally?

26 October 2020 | 7 replies
So most sellers want a 'DDF' equal to a month of mortgage payment, that way it helps cover his costs if you back out for no apparent reason.If you KNOW the house is paid in full...

19 August 2019 | 3 replies
-Offer to Partner with him(50/50 equality) and do all the work(rehab and find tenant)Could I get some advice from my Bigger Pocket Community.

20 August 2019 | 8 replies
So if taxes in the offering memorandum say "$8,000" and then it sells, and the taxes go to $16,000 it means that on a 6-unit building you'd have to somehow recuperate that additional $8,000 (or on a 6 flat it would be $8,000/12 months/6 units = $111 increase in rent, just to pay for the new taxes to equal the return you thought you were getting before!
30 August 2019 | 16 replies
If you use a broker they get paid based on which loan you go with and some loans pay more than others so a broker may steer you in a direction that might not be the most optimal for your business plan.Rule of thumb for commercial loans is your net worth has to equal the loan amount and your liquidity needs to be 10% of loan amount.