Hello BP members! My husband and I are looking for our 1st buy and hold investment! There is an opportunity in a town about an hour away from us. I'd be interested in your thoughts about this: -Listing price $125k (c...
Hi All, I am trying to obtain my first property and have checked out this property in Newark, NJ. It is in the Upper Clinton Hill area of Newark. Here are the numbers, tell me what you think:Purchase price - $399...
I'm a rookie investor who has come across a deal that seems to work well, but I could use some assurance or advice. Here's the sitch...I come upon a property in Alabama from a wholesaler for 37k. Rehab estimate is 2...
Is it possible for 2 individuals to get separate home loans & close in on one house? Or would it be easier to set up a Corporation in which we are both involved in and get a business loan for the house? Please let...
Hi all, have been educating myself for the last several months and thought I may have stumbled upon and interesting question, so here goes: when using my VA loan, I know I can eventually refinance to a conventional lo...
If I found a property that was priced at say 1m and had a 12% cap and a DSR of 1.5 (I don't even know if I can make those numbers add up- but bear with me). Then I find a bank that looks for a minimum of 8% and 1.2. ...
I just calculated the cap rate for a property I'm going to develop within the next year: 20% Here are the numbers:$40,000 to build$30,000 for the land2 UnitsAnnual Gross Income: $24,000NOI: $14,000 (conservative estim...
What are your returns for a fix & flip in todays market?
Hello,
Currently I have $150 cash flow monthly from a rental property with interest rate 3.0%, and I would get >$400 cash flow if I do refinance (of course, higher interest rate for sure). What would you do? keep...
General property management fee question. I never look to undercut anyone and their business. Just asking if it is common for the management fee to decrease when you start adding properties into your portfolio under...