Cosmo Iannopollo
Down Payment on Hard Money
When using hard money, how does the down payment work? Given that it's a reno and they seem to lend on ARV, the purchase price of the house is essentially taken care of. Do you then cut a check to the lender at closing?
Lee L.
Madison Wisconsin looking for guidance doing the BRRR strategy
Hi, I found a place, got a pre approval, have an agent showing me the place, know what it's previously rented for, done my market research for what it could rent for. Questions are: Is the refinance loan always 70% o...
Jon Silva
Hard Money Lender options for SFR buy and hold
Hello! I currently have two rentals, and I’m under contract with two more. I’m looking in Florida, SC, and Texas specifically. I’m trying to get educated on hard money long term holds, I’d love to connect with someone...
Mark Dante
Settlement fee/title insurnance - Pennsylvania
Question: My cousin and I are looking at a few properties in western Pennsylvania (just outside of Pittsburgh) . I've called around and I've got a few prices from settlement companies, but I don't know if I've been ...
Daniel Alzate
Analyzing MultiFamily deal
When analyzing a multi family property would included the current property tax, or would you calculate the projected tax based off the potential purchase price?
Jennifer Brown
Used the BP Calculator...Now what???
I've been analyzing properties for practice using the calculator provided on BP. Basically just choosing some that are on realtor.com and MLS in order to get familiar with the numbers/terms. I'm just not sure what th...
Mitch Hohlen
Private Money Deal Structure
Hey everyone! I'm trying to buy two multi-family complexes and have a few individuals who have committed to giving me private money to fund my down payments. The two opportunities I'm working on right now are a valu...
Jim Witten
CA Agents: Do All Offers Require a Contingency Removal?
With standard CAR Forms....I'm trying to understand what establishes a buyer contingency on the buyers purchase offer? Is it simply Line 14.b as seen in the screenshot below, that's it?
Do purchase offers always re...
Andrew Moran
Property Management Selection
At what size is it necessary to find a property manager to run the property for you? Also, what is a typical rate/what are their responsibilities? (I've seen 10-15% of NOI but not sure if that's true). How do you go a...
Sahil Relan
Inheriting Tenants, Help Needed
Hi All,
I am about to purchase a 2-unit property in Chicago for 100k. It is an REO so I am not getting good responses from the seller. Here is my concern:
The property is already rented.
a. The seller says one of ...