Greta Andrews
Attempting to raise money for a triplex that needs repairs
I apologize for the long post to come.
I'm currently under contract for a triplex in my hometown, where I reside. This is not a common occurrence. The seller has own the property for the past 15 years, and has done...
Benjamin Haberman
Campground
A friend of a friend recently told me they would be willing to sell their campground. They would sell it for $12.5 Million but the deal still works out to be a 5.23% cap rate at $14 Million. Has anyone ever wholesal...
Elvin William
What is best price to pay for a realtor?
Hello, I think aug 7th, everything is going to change for buying a home. We are paying for commission for agents instead for sellers paying that. Now the main question is what is a good price for agents? Do we have a ...
Arthur Voskanyan
Cash-Out-Refinance vs Equity Loan
How does a cash-out-refinance work? Is it pretty much the same as a equity loan? What’s is the interest rate on a cash-out-refinance?
Arthur Voskanyan
Neil Narayan
Average U.S. mortgage rate falls below 3% for the first time
The average rate for a 30-year fixed mortgage fell to the lowest in almost five decades of data, Freddie Mac said in a statement Thursday The new average interest rate on a 30-year fixed-rate mortgage broke below 3% t...
Steve DellaPelle
Renting to my Handyman...Good or Bad Idea?
Hello,My handyman is selling his house and will need to start renting for the time being. He offered to rent one of my apartments for a good price for him and his wife. He does a lot of work for me and is currently u...
Isaac S.
large multi refi...need help understanding Yield Maintenance
Hey BP!
Hope all are well and family and loved ones, too!
My question is regarding a refi/cash out on a multi tenant with 37 units, based on rent roll and comps, my loan broker and I estimate the LTV to be conservat...
Michael Healy
Late rent / late fees in Massachusetts?
Question for other Massachusetts landlords. I see that the state laws prohibit landlords from assessing a fee for late rent until 30 days after the rent was due. This seems rather ridiculous to me. But I also understa...
Vy Mai
Sell with option to rent back until they find a place
We are making an offer on a single house near UMass Lowell as an investment property. (3 bedrooms,1 bath. 5 minutes walk to the university). However, the seller accept the offer but asking to rent back until they fin...
Mason Liu
Syndication & Private REIT Key Terms & Definitions (Glossary)
Hey All,
Wanted to provide a quick glossary of key terms relevant to Real Estate Syndication deals and their definitions. These are important to understand when evaluating the high level details of a syndication dea...