Anthony Giardina
Running the numbers on Sacramento properties, nothing makes sense
Hi. I've been lurking for a while, educating myself on real estate investing, and just want to get a little confirmation that the numbers I'm seeing make sense. My goal is to invest in cash-flowing properties in the S...
April Higbee
private money lenders
Hi, i am having some problems trying to start out the family business. We have tried every finance company in the area and at least 4 different banks. They all have told us the same things on why we have been denied. ...
Matthew Rutledge
Documenting My Saga
I figured this would be a good place to document what I'm doing. (I'm sure we can move this if we need.) I welcome constructive criticism. I even welcome someone telling me I'm an idiot. The goal is to write it do...
Todd Keith
Is This 26 Unit Apartment Priced Too High?
Hello BiggerPockets,Can you seasoned multifamily investors give me some feedback on this deal that I am looking at right now. It's located in a Class C area in Akron, OH. Here are the details:
26 unit property (All...
Kurt Granroth
Dissecting and Understanding a Schedule K-1
I just got my first K-1 from a multi-family syndication and want to understand it. This is the actual K-1 with real numbers and only personally identifying elements have been removed. I'm going to describe what I th...
Douglas B.
SUB30kCLUB: tips to protect yourself legally
Today's topic is a springboard off of @Lisa Phillips a Phillips Phillips Phillips excellent blog series, episode 2 on incorporating.
We will be doing business in NY and, with the advice of our attorn...
Matthew Swisshelm
2-3 Year Business Plan For Newbie REI
Good morning everyone!Today, I'm going to lay out the REI plan that I intend to follow over the next 2-3 years. In doing so, I hope that you fine members of BP will troubleshoot any short-comings that I do not see.Thi...
Michael Andrews
Help assessing a deal with the 1% rule
I've been looking for my first multifamily property and I found a fourplex that just popped up on the MLS at $330,000 getting a net rental income of $2500. Looking at the 1% rule the price is way over the rental inco...
Jeffrey Magenes
The more deductions you claim, the less a bank will lend to you?
Would it necessarily be true that the more deductions you claim on your tax return the less a bank will lend to you because of your lower taxable income?
So therefore, isn't this technically a catch 22 situation wher...
Account Closed
Using NPV for real estate investments
I like to use Net Present Value when evaluating deals, but I don't see it a lot on this forum or other real estate evaluations. Can anyone shed some light on why not to use it?