Jamie Warcken
Buy down our rate, or take home extra cash at closing?
We are under contract for a primary SFH for $455k (asking $480k) with 6% concessions, or $27,300. We are using FHA with 3.5% down, or $15,925. Current interest rate is 6.75% and a 3/2/1 buy down costs $19,929. This is...
Jason Hill
Depreciation Question (what's inclusive)?
Hi all, I've just subscribed a few days ago and have been reading various posts and info...I must say, great source of education and inspiration. I have a basic question if I may...after describing 2014's scenario:My...
Jeff Kehl
5.6 million cheap apartments - not for long
I just read this article on Bloomberg and wondered what others thought about it:http://www.bloomberg.com/news/articles/2016-10-31/there-are-5-6-million-cheap-apartments-in-america-not-for-longAll the rage in rei these...
Account Closed
[Calc Review] Help me analyze this deal
This is my first small apartment building that I'm working on for buy and hold. I would love to get your feedback and comments in event that I'm missing something.It's a 7 unit building and each unit is 2/1. There are...
Zach Norton
Looking for advice on financing multifamily duplex
Hello BP community, I am relatively new to REI and am looking for advice on financing a potential multifamily unit . First, some quick background on my current rental portfolio. My first two investment properties are ...
Mike Komenda
Flip property turned principal residence? tax considerations
Thinking out loud a bit here but there is no better place to do it. My wife and I are at the in between stage of our careers where our salaries are going to more than double in the next 4 years.
My family has...
Fernando Morales
Help Analyzing! Deal for a 6-plex in Miami, FL
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi all,I am looking at a foreclosed 6-plex in Miami, FL. I would love your input on the ...
Adam Gonzalez
Is this a Contractor Red Flag?
Happy Friday Everyone!
So I have a quick question. I am in the process of renovating a property and interviewing contractors. One contractor I spoke with provided a quote of $16,000 to renovate two bathrooms (1 sma...
Michael S.
Would this work???
A few days ago I posted a thread regarding a recently Found SFH that is bank owned. that I was looking for stratgey in. It went unanswered, but it has had my wheels spining. I have since found possible routes but hey ...
Vicki Trusselli
Market value is sociopathic
In a 69 year old retired female on fixed low income. I think that market value of rent is sociopathic. I rent with a roommate. New owners bought property. We have to move out as they are renovating and building will b...