Henry Clark
Self Storage- Making an offer on land
24 September 2024 | 27 replies
By working within a territory versus a specific town/city, we are able to take ourselves out of "NEEDING" to make a deal.This in turns allows us to "WALK Away" from an offer, thus we can make a "FINAL OFFER"; knowing the Seller will accept or we are okay walking away.
Michael Allen
Four Unit Multi-family, Owner Occupied Investment, Loan Interest Rate Question
2 October 2024 | 5 replies
Now I'm being told that the interest rate is more realistically going to be 7.125-7.6%, which makes the purchase significantly less desirable.So my question: Is 7.125% market rate or is this something I should be looking into?
Saurabh Kukreja
Exploring Michigan Area
5 October 2024 | 1 reply
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Tiamo Wright
Any wholesalers going to BPCon?
1 October 2024 | 0 replies
I am looking to grab coffee or a cocktail with any wholesalers so I can pick your brain for 15-20 minutes.
Jung Lee
Let’s do this
24 October 2024 | 5 replies
Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.
Adonis Williams
Bank Statement Loan
30 September 2024 | 10 replies
I am looking to leverage a non-QM loan product for my 4th purchase and I want to use a bank statement loan and I would prefer for the LTV to be about 90% (I heard such products are out there).
Tasha Smith
Private Money lender - potential costs/fees?
24 October 2024 | 5 replies
If you don't have a mortgage/deed of trust and note drawn up, you might have to pay a bit for that.
Doug Fluckiger
Second opinion on an ARV
24 October 2024 | 7 replies
Use the lowest ARV value to be conservative.
Michael Ludwig
50% rule and 1% rule?
28 September 2024 | 8 replies
I keep hearing the 50% rule and the 1% rule i was wondering what they are and how would they apply to a house hack?