Jason Foxx
Creative Multifamily Strategies for Other Income
What are some creative ways to get Additional Other Income from a high end multi family building? I may be running an 80+ unit in the near future.Laundry is included in each unit. Ways that we already implement are st...
Andy Bailey
Is adding a small full bath worth the investment ??
1st offer in on a 2/1 brick in great location with intent to flip. Offer is at 30k, will most likely land at 35k. The current rehab costs are minimal as the home is in great shape, so ~3000-4000 range. ARV should fall...
Jasmine G.
Financing first rental
I am looking to purchase my first rental property. I currently own my primary residence where I am responsible for the mortgage. My husband on the other hand is not tied to the mortgage and has the ability to obtain a...
Tammy Braz
Short sale Question - Urgent
I just put an offer on a short sale property. I put down a $1,000 deposit and offered the asking price (The SF home had gone down several times and there were multiple offers). The seller accepted my offer. And now ...
Cecile Poyet
How To Determine Price Per Square Foot?
Hi fellow investors, As I'm running Rental Property calculator analyses like it's my job, I'd love to know: how do you estimate the right price to pay for a property? @Brandon Turner says a rule of thumb is to pay for...
Kenny Kuramoto
Help me understand this Hard Money Term Sheet
I wanted to see If i got this explanation right on this Hard Money Lender. I know people will have this question so here is a sample sheet I have. For context this my first BRRR so thats why the rates are probably hi...
Derek T.
Accept a Great FHA or Hold Off for Conventional/VA
We finished a flip in 6 weeks and received multiple offers on our last flip in the first two days. All have been FHA and it got to $11k over with no closing. The problem is the anti-flip clause with FHA. I wouldn'...
Frank A.
Warnings for 1st Time Complete Gut Renovation DC Row Home
Hey BP, My wife and I are getting relocated to DC this summer and the only way we can get everything we want in the city is by performing a "live and flip". We're going to buy a fixer with a 203K construction loan and...
James David Ludovina
Renting back to owner after closing escrow in Charlotte
HelloI may be closing on a 1400 square foot home and the owner needs to rent back for a couple of months. She has equity in home and will be looking for larger home so no animosity(yet). I need as much info and insig...
Amanda Young
Help me understand appraisal gap coverage
If your property appraisal comes in under the offer price, is that additional gap coverage treated as an acquisition fee or as equity in the property? My closing statement has it categorized as "down payment" but I d...