Gabe Goudreau
What is a replacement reserve?
Hello everyone,
I am analyzing multifamily deals using a modified spreadsheet I found online, and the spreadsheet has a reserve account that is taken directly out of of the NOI called "Replacement Reserve". It is ta...
Jot Singh
Refinance in BRRR deal.
Hello All, I am new to real estate investment. I was taking to a Mortgage broker friend of mine about BRRR strategy. He mentioned that their are several limitations on refinancing the homes you bought. He wasn't sure...
Max Cordova
Cash-Out $800,000 Home? (What Would You Do?)
A home that was purchased for $600,000 in 2006 is now worth $800,000 in 2020. The home is at a 6.5% interest rate and a mortgage of $3,900/month. Once refinanced it is estimated that the new mortgage will be $5,000/mo...
Eli Alfaro
Starting on foreclosure tips
I'm interested in investing in rentals and flipping houses but I first wanted to do my homework on the subject. When looking at foreclosures how do you figure out what kind of a profit you can get on the house your bu...
Tyreek King-El
First Tax Season as a Landlord
Looking for tips, pointers and musts for incorporating my rental property into my upcoming taxes. Obtained my rental early 2022.
Nathan Hui
Can we create a new Acronym?
Bigger Pockets,
I think it is time for a new acronym...
After spending time on the forums I have realized that there are large gaps in communication when it comes to calculations for cash flow or net income on buy a...
Scott Trench
Do You Have a Written "Investment Philosophy"? + Example Template
Hi Folks - I recently talked with a member who was having a great deal of trouble pulling the trigger and making their first investment. I thought it might be helpful for this person (and perhaps some others) to commi...
Tim Pagano
What moves a seller?
For those of you who are successful wholesalers what are the one or two points that you feel most effectively persuade a seller to work with you? Rephrasing I guess what do you say or do in your pitch that seems to t...
Renae Pinkney
Equity Explained
Hello All,
Can anyone explain equity, the equity to loan ratio, and why it would be important to have a high equity as a buyer?
I'm understanding so far equity is how much a owner has paid towards their loan? So wou...
Jeremy Shupp
Error at Settlement
I received a spreadsheet from my realtor that showed what we would be getting back at settlement for specific selling prices. I did not receive any other documents showing what I would receive after closing. At the cl...