With property prices rising in the recent years, it seems like most turnkey companies cannot provide worthwhile returns. Most of the available properties I have seen recently quote an 8% cash on cash return, but after...
Hi All!
Has anyone recently purchased a multifamily property? What steps are you taking during the underwriting process to make sure you’re conservatively projecting expenses and income, especially with rates pushing...
I own a 3 plex in Newark NJ. As we all know, you can increase cash flow by increasing rent (working on that), but also decreasing expenses. I had always planned to refinance, but am considering it a lot earlier then I...
Hi All,This is my first ever post on Bigger Pockets and marks an exciting time for me. I am a commercial real estate analyst living and working in Santa Monica, CA. For about 6 months now I have been absorbing any edu...
I received pre-approval last weekend, but I would like to shop around and see what other lenders have to offer me. What I am trying to prevent happening is my credit score being pulled multiple times, and the pulls ac...
Hello Everyone,Do you have any recommendations for a HELOC originator? I want to capture the equity in my primary home(condo) to fund my first BRRR deal. I'm looking into Bank of America as they don't charge annual f...
I'm getting a seller credit at closing for $8000. My Mortgage broker at Ruoff says I should use $4500 for closing costs and 3500 for rate buy down (3900 gets me to 6.25%). This saves me approximately $100 per month (3...
Hi BP Community! I wanted some insight and help with a Kitchen Sink installation.Quick backstory:I'm a new investor. Purchased my first house hack, and am finishing up a kitchen remodel. Current situation:I was referr...
Where do you invest? And where do you see that region's housing prices going in 2023?
Below is some research I have done -
The following are firms that are predicting that US home prices will fall in 2023:
Gol...
Hello BP Community, To all the Fix and Flipper's out there, I am curious about what everyone is doing to pivot and adjust their underwriting during these times. I have completed a few successful flips and generally s...