Brandon G.
How Do Rentals Affect DTI?
So when trying to get a new loan, I know lenders want to see the applicant's debt to income ratio below a certain figure. I am curious how rental income is calculated in the eyes of the lender and how that plays into ...
Adriana Rego
Seller Finance wrap around
Don’t know much on seller financing or how it’s reflected in the closing so any info even basic would be appreciated. I have a deal where it would be seller finance I’d put 25% down - on $275K with balance 30 year amo...
Stuart Gardner
Question on Owner Financing
Hey BP Community,Lately, I've been reading up on Owner Financing, and I have a few questions I'm hoping the community will be able to help me out with.Just as a side note, the property is owned by an out of state owne...
Jim Butcher
Multi Unit Tax Information
I am looking to invest in a mult-unit building (Quad) and am currently evaluating what is a good deal. I was trying to find the yearly taxes that would have to be paid but on the Assessment and Appraisal link I find T...
Jason Young
Month to Month vs. Leases
New to the game and seriously considering purchasing a 5 family. The current land lord has not been using leases, so the tenants are all month to month. Curious what people think of this approach vs having year long...
Sean Rogers
Lawn care for duplex
How is lawn care normally handled on a duplex? I have a few single family rentals and make it the tenants responsibility. In a duplex can each side take care of their half?
Anthony Gatt
Property analysis
Hi, I'm doing property analysis and - like many others - want to account for property management in my numbers. I see a lot of people recommend 10%, to be conservative. However, most PM's charge a full month's rent to...
Adam Craig
Office building rehab questions - Sign, Lighting, Wallpaper
Just closed on 1852 historic office space and we are starting rehab. ITs 4-6 different sized office units that will most likely house businesses like CPA, Attorney, Graphic design. I am going to keep the character but...
Bradley Jernigan
A 50 unit Multi-family deal analysis
A 50 unit MF apartment is currently 90% occupied with rents averaging around 1000. If the cap rate of the area is around 6% and operating expenses are around 40% of the Total Gross Rental Income then what is a rough e...
Matthew B.
Replacement Windows for Multi-Family Rental Properties
I have to replace 32 windows in 2 duplexes. I'm wondering whether to go with vinyl vs. aluminum, etc. I'm thinking I should get the double panes for the insulation (hot in Florida), but only the single hung (tenants d...