Hi BP community,We have a duplex that is well appreciated with only 20% LTV. We are thinking of doing a cash-out refinance to bring the LTV back to 75% and use the cash for purchasing 1 or 2 additional Duplexes, thus ...
Hi all... I have an 8 unit building that i am evaluating. I have a few financing options to entertain and i would like you feedback. I don’t want you to focus too much on the details of the income/expenses (imagine th...
I see some opportunity in Stoney Island park area, but not familiar with this area and would like to get some opinion from BP family. Based on my basic research, this area mixed with SFH and rental apartment building,...
I was running numbers on local properties in Denver (yes, the market is pretty hot, especially on loopnet) and there was a duplex in the 500k range. The numbers were roughly $2,500 for rents. Even if you put 20% dow...
I’m comparing property management and marketing platforms I’m leaning towards EVOLVE due to lower percentage fees and a very good hour long conversation with a representative, as well as a local reference. Does anyone...
I currently own a 3 bdr 1.5 bath home in the suburbs. It's close to all the major things within our city and is in a safe neighborhood. It was built in 1980 but over the last 5 years I've replaced everything (roof, fu...
How does one evaluate the value of a triplex using income? If for example, rental income is expected to be $3000, how does that effect the valuation of the triplex property?I know how to analyze the cash flow, the Cas...
Hi All,
Would someone explain to me how the numbers would fit in to the 50% rule. To my understanding half of your total rent will go towards your expenses. So correct me if i'm wrong but half of my rent shoul...
Hi everyone my name is Erik and I am a newbie in New York. I am currently house hacking in the Westchester area and have caught the real estate investing bug!I am interested in using Long Distance Real Estate Investin...
Hello Bpfamily,
Im looking to get some advice. I am a new investor trying to get started. Currently I own a single family home which I reside in. I would like to either purchase a multi family home or buy another sin...