Cory Wells
Is this a deal to BRRR or not?
24 April 2018 | 9 replies
(not really an option at this point, but I don't see how anyone makes a portfolio loan work after their max amount of Fannie loans)My question is should I shoot for $100 per door and pass on this deal if I can't get it for a lower price and all my money back, or go with it since my ROI is infinite?
Bret M Rankin
House under contract with renter but only verbal lease in place.
23 April 2018 | 8 replies
If they aren't then I'd negotiate a lower price.
John Dorma
Right metric to use for underwriting
20 April 2018 | 2 replies
Always remember that in your proforma the expenses could be different, if you can lower the costs (in my example, you might be able to get a quote for $275 per door from an insurance company, but this is in a later stage of your analysis).Hope that helps!
Matt C.
Am I being to conservative? 70% rule
7 May 2018 | 29 replies
That’s fine if the numbers don’t work they don’t work but I’m wondering if a more experienced investor would go for this and settle for a lower profit.
Kody Foster
Negotiating my first deal this very moment!
25 April 2018 | 10 replies
I didn’t take the time to go to any mortgage companies after my wife was told in a real estate continued education class that the mortgage company didn’t do anything lower that $50,000.
Jeremiah Dexter
Owner occupied conventional 4-plex with >10% down
23 April 2018 | 5 replies
Thanks for the reply, I did find that if you are a first time home buyer you can find qualify for a lower down payment loan.
Andrew C.
Depreciating a house owned for 50 years
22 April 2018 | 12 replies
I believe it is the Lower of their basis or current fmv.
Gaurav A.
Insurance for propert damage or vandalism
23 April 2018 | 3 replies
This coverage is incase your home get "tagged" or possibly you have aluminum siding and the lower 6 ft get ripped off.
Nina M.
Cannot decide where to buy, DFW, Indy, Atlanta or Charlotte?
29 March 2019 | 18 replies
Some HOA's can be way overboard but those are few and far between.You might want to stay away from older houses and lower income tenants.
Will G.
Do rents ever go down?
28 April 2018 | 32 replies
Lots of new housing units came to market, increasing supply and thus lowering demand.