Dino Garcia II
Partnering with VA Loan with Father on a Deal
6 February 2024 | 3 replies
Let me know if I am wrong.In the off-chance that the above is possible, I saw a post regarding VA loan entitlement, and I think I understand: https://www.biggerpockets.com/forums/311/topics/1150518-va-l...Dad's house purchased @ $815k x 25% = $203kCounty limit (my area): $1,149k x 25% = $287k$287k - $203k = $84k$84k x 4 = $336k is available for 100% VA entitlement.The house I am looking at is around $690k.$690k - $336k = $354kDown payment = $354k x 25% = $88.5kThe house looks like it was bought at $450k, so I am assuming that I will need to come up with around:$690k - $450k = $240k cash in addition to the down payment, Bringing the total to: $328.5k for cash to seller and as 25% down-payment based on the above.I hope I got all of the calculations correct, and honestly, the more I dive into it, the more I don't understand.
Elvin Luccon
4 unit multifamily deal
6 February 2024 | 19 replies
This approach would allow you to preserve capital for potential future investments or unexpected expenses.Property Valuation and Equity: Given the high property valuation in Los Angeles, it's understandable that pulling out equity for another property might be challenging in the short term.
KC Frank
Interested in Quintana Roo Short Term Rentals - All Inclusive Options?
6 February 2024 | 6 replies
I understand that there are condo/apartment opportunities but am more curious about the larger all-inclusive resorts.Anything else we should be thinking about when investing in that region?
Satya Veer Bandaru
I am first Time home buyer
7 February 2024 | 11 replies
I deeply appreciate any insights, advice, or anecdotes that you can share to help me better understand Subto financing and navigate the compensation aspect for real estate professionals.
Melissa A.
Pros and Cons of Unpermitted Square Footage When it Comes to Property Taxes
6 February 2024 | 4 replies
My understanding on this is that if you build it unpermitted, the benefit at that time is that your property value likely won't increase because the square footage is not assessed to increase the value of your home and therefore the property taxes.
Jonathan Lee
House hacking near NYC
6 February 2024 | 3 replies
In addition, Brooklyn is filled with young professionals and has a lot of fun stuff to do.2) I want an appreciation playI understand cash-flow near NYC is tough, so I want the appreciation play to be strong via the forced appreciation and via normal appreciation.
Patrick Lee
Seeking Advice On A New Client Who Wants to Work With My Company
7 February 2024 | 11 replies
Also judging by your apparent understanding of an LLC, a plaintiff's attorney would make quick work out of you.
Griffin Sisk
Pooling Money With Trusted Friends to Buy Real Estate?
6 February 2024 | 14 replies
I'd suggest you understand the differences between lending and equity positions and follow the tried and true methods of partnerships, joint ventures etc.
Jeremy Porter
How Granite Countertops Can Elevate Your Rental Property's Appeal and Value
7 February 2024 | 9 replies
I am not convinced that granite countertops will allow you to increase rent enough or reduce vacancy enough to cover their cost.In a typical smaller house you might spend $6000-8000 on granite countertops, if it even allowed me to increase rent by $100/month it would take 5 years to recover the cost.Our tenants seem to be happy with laminate countertops that cost me less than $1000 to self-install ( I have done this in multiple houses).Can you help me understand the math of ROI on this?
Todd Hotes
Triple Net Leases
6 February 2024 | 3 replies
From my understanding, triple net leases can present an appealing route for those venturing into commercial real estate investing.