Ryan Stahr
What do you include in your ROI calculations?
I'm still running numbers on properties I can access via the MLS and a friend who is a realtor, just for practice. I then had my roommate look at my spreadsheets because he is a numbers guy and likes to play devil'...
Blake Wilson
Anyone have any advise for purchasing an RV Park?
I have a meeting with the current owners later this afternoon and am curious if anyone has any advice on the purchase of an existing RV Park? I have never done a deal like this and would like to know what I should be ...
Curtis Hill
I'm 2 weeks in and have my first deal in the works BUT....
I have a highly motivated seller of an acre lot with a 3 bed 2 bath manufactured him on the lot. I have the deal under contract for $60k. From the comps I was able to find the land alone is around $100k. Part of the d...
Jeremy Sharp
How to buy a FSBO Off Market deal without a realtor?
Hey everyone!I currently have an opportunity to purchase an off market FSBO duplex in a great market. Most houses in the neighborhood are priced way too high to be utilized as a fully serviced rental by a property man...
Gordon E.
Partnership disparity and where to look for "deals"?
I recently began discussing business with a friend I've seen consistently for about a year in a social setting. Turns out he has tremendous business connections and significant real estate investments. I'm horrible at...
Sean Price
This is supposed to be a good deal, but the numbers don't work
I found this 6 unit multifamily. Here are the numbers:Monthly income: $5450Yearly income: $65,400Total reported expenses: $22,900 for the yearNOI: $42,510. He is asking $425,000 for the property which puts it rig...
Account Closed
New to MLO. Who should I work for?
Good afternoon,
I recently earned my MLO license. I plan to put it to use next year. Between now and then, I need to decide who I want to work with. I don't where to start, because there are so many companies ...
Curt Bixel
Debt to income ration at razor thin margin
I am attempting to refinance two rental properties. My loan officer has indicated that my debt to income ratio is really close, and it is going to come down to being able to verify each and every rental payment. I h...
Mike Hanneman
Multifam cash flow
I know this is subjective to a multitude of different things, but is there a number that you experienced investors look for monthly cash flow? 4unit -$300, 8 unit- $500, etc...I have a couple properties in mind but I'...
Jake Malott
LOS ANGELES PRO DENSITY
Hi Guys,
I'm new to the BP Pro community so I wanted to start a discussion on my interest - density and new housing in Los Angeles. There are a number of things to look forward to in 2020 regarding ordinances and up...