Ryan Dodge
Considering 28 unit apartment complex, big hurdle forward
I've spent the past couple years investing in single family homes - over the past couple months I've decided to start selling them off (along with some healthy appreciation) in favor of multi family with better rent r...
Jake Craig
SFH - Purchased 10/2022
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $410,000
Cash invested: $15,000
Partnered with my brother on this house while I was still living in Kentucky. This ...
Robin Allen
Do legitimate private lenders ask for upfront fees?
I realize I am a newbie but figured I'd get better advice on this thread. If you can tell a illegitimate lender by their "upfront origination loan fees" can you explain what are the requirements for private lenders? I...
Jacob P.
Getting a tax question answered
Hi all,I'm under contract for a home in Brooklyn, NY. There have been some changes since we went into contract, and we have now worked out that we would be getting a change to the C/O soon after closing.Here in NY, a ...
Account Closed
Truck Driver
Just finished episode 20! of the BiggerPockets Podcast and one thing I've heard repeated a few times is "go walk your market" and "network." I'm a truck driver living in my truck and this is my profession for life. I'...
Paul Altman
Deal funding question
Hi
I know a lot of HM or PM lenders will not lend more than a certain percentage of a propertys current value (I've heard 65-70%) to someone looking for funds to rehab a house. I understand they do this to ha...
RJ Schmertz
Accredited investor question
As I understand, you can qualify as an accredited investor if you've made 200k for two years and reasonably expect to continue. I assume this is based on AGI on your tax return?
My question is, could I qualify if in...
Eric Telese
What does an appraisal take into account?
Hello BP!So I have a property that I am close to contract on. The seller is getting it appraised now and should get it back within the next day or two. I’m trying to figure out if the appraisal will cover big ticket i...
Ethan Kohler
Estimating Closing Cost
Can anyone offer further insight as to what we should expect for closing cost, with respect to a conventional loan for simplicity? The BP calculator expresses 1-2%, but I have heard more like 3-4% to be on the realist...
Jonathan G.
How to find a cap rate
In order to come out with my offer price on a 6 units multifamily building i'm looking at recent sales in the area. I also came out with what I believe is an accurate NOI. My question is simple, how do you come up wit...