Oscar Perez
Starting my real estate journey with an apartment complex
Hi, my name is Oscar and I am working to start my real estate investment journey. I am a recently graduated physician and I am looking to create wealth through real estate. I have considered many options, however, in ...
Emily Sulliban
50% Rule- Is it Really a Rule?
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Darryl K
Costs and Revenue from Coin-Op Laundry
A few thoughts. How much should I expect to pay for a coin-op laundry machine (washer &/or dryer)? Is it okay to go with a used one?
What kind of revenue can I expect per machine? I realize this will depend o...
Aaron Frances
Cash out refinance to pay off credit cards
Hi Everyone,
I converted my 2-flat apartment building into a legal 3-flat using a cashout.
Appraised at $425k, new mortgage at $2330 at 4.35% currently owe $305K now.
Property may conservatively appraise at $525...
Joseph King
I need help with lender in Raleigh?
My question:
I have a SFR that I bought in 2006!
I have had same tenant in their with no vacancy.
My mtg is a 15 year amortization PITI $1,300
Pay the PM $84 (8% of rent)
Rent is $1175
House is work approx 190k
L...
Mallie Messri
Fire Damaged Homes From Thousand Oaks Fire
Hi all,As many of you may know there has been a huge fire that's erupted in the San Fernando Valley over the last few days and many homes have been damaged or completely burned. In Starbucks this morning there were ov...
Elaine Petty
Why so many Smoky Mountain Sales?
Looking to buy a rental in Smoky Mountains but something bothers me about the history of sales. Even if you remove the last 3 months due to Covid, there are so many sales of rental homes that were "outstanding rental ...
Jeff Greenberg
Breaking into the Houston MF Market
My business partner and I recently syndicated, and closed on a 62 unit multi-family property in Houston, Texas. I am writing this for the benefit of those interested in venturing into the commercial arena.
...
Alec Newman
VA Streamline Refinance Loans
Hello BP community,I am writing today out of curiosity if anyone has ever looked into / used a VA streamline refinance loan.I have been learning about REI for about a year now and am extremely excited to get the ball ...
Joshua Howaniec
The CRA, 2008 Crash, and Now
If policies like the Community Reinvestment Act are still active are we bound to repeat the 2008 crash?