Daniel Collins
Livingroom used as a Bedroom
21 August 2015 | 6 replies
I am new to biggerpockets and am very impressed with the networking wealth of information available.They are international grad students from India so I think they plan on staying for at least a year if not two.
Nathan Waters
Portfolio lending
26 August 2015 | 2 replies
And even some Fannie Direct lenders will internal restriction to only 4 loans.So you can have up to 10 confirming loans including your primary home.Hope this is helpful.Upen PatelMortgage BankerFederal NMLS# 1374243
Christie F.
Hi From Hawaii!
12 September 2015 | 10 replies
Its open to all investor enthusiasts, so OK to bring your partners, bird dogs, interns, etc.
Rick C.
Gentrifying neighborhoods in Tampa
15 October 2015 | 12 replies
I am just going off what I have heard.Southeast Seminole HeightsTampa HeightsI have also seen some flips in Carver City, which is not great but borders Westshore/International Plaza area.
Thomas Usher
Starting out with a big fish on the line....HELP!!!
7 February 2015 | 30 replies
I wanted to roll out of my smaller property and I cannot find any valuations that justify it at this point, so we have gone internationally.
Gaurav Bahal
Appraisal is Less than Contract: To Buy or Not to Buy? HELP!
14 January 2016 | 38 replies
(Quad) Property(Quad) PropertyBeds/Baths: 8 / 6Beds/Baths: 8 / 6Type: Multi-FamilyType: Multi-FamilyYear Built: 1980Year Built: 1980Square Footage: 2,813Square Footage: 2,813Lot Size: 0 sq ftLot Size: 0 sq ftParking: On-StreetParking: On-StreetMLS #: undefinedMLS #: undefined** Purchase **** Purchase **Purchase Price: $180,000 ($64/sq ft)Purchase Price: $235,000 ($83.5/sq ft)Purchase Costs: $3,600Purchase Costs: $4,700Rehab Costs: $0Rehab Costs: $0** Financing **** Financing **Down Payment: $45,000 (25%)Down Payment: $58,750 (25%)Mortgage Amount: $135,000Mortgage Amount: $176,250Total Cash Needed: $48,600Total Cash Needed: $63,450** Cash Flow (Monthly) **** Cash Flow (Monthly) **Rent: $3,200Rent: $3,200Vacancy: -$320 (10%)Vacancy: -$320 (10%)Expenses: -$1,343Expenses: -$1,343Net Operating Income: = $1,537Net Operating Income: = $1,537Mortgage Payment: -$684Mortgage Payment: -$893Cash Flow: = $853 ($213 per unit)Cash Flow: = $644 ($161 per unit)** Returns **** Returns **Cap Rate: 10.2%Cap Rate: 7.8%Cash on Cash: 21.1%Cash on Cash: 12.2%Return on Investment: -102.5%Return on Investment: -169.8%Internal Rate of Return: -94.7%Internal Rate of Return: -100%Rent to Price: 1.8%Rent to Price: 1.4%Gross Rent Multiplier: 4.7Gross Rent Multiplier: 6.1
Amaan Davis
Questions about DCF
5 June 2015 | 6 replies
I would recommend taking a short break from DCF and first familiarizing yourself with the concept of IRR (Internal Rate of Return).
Jeff Cutter
Florida purchase contract
30 December 2015 | 41 replies
Financial laws get into the atomic bomb area.
Tim Johnston
Business property classification
2 December 2016 | 4 replies
It is a medical office, built in early 70's, internally remodeled in mid 2000's and now this year built a a garage and did the EFIS.
Amalia G.
Advise on handling dispute with tenant - lease terms - in Texas
5 December 2016 | 7 replies
Not only will the local health department use the full weight of the law but there is federal and international health codes that no contract can supersede.