Anthony Hidalgo
Hard Money Lender Requirements : New Jersey and New York
Hello BP Community,I was wondering who has experience with using hard money lenders, in the tristate area, and what have their requirements been . Some ask for a specific amount liquid assets in order for you to pr...
Logan M.
Buying a park with 35% occupancy
This year I bought a Mobile Home Park with 35% occupancy with no vacant spaces, meaning 65% of spaces have a vacant home/unit.A few strategies I used to feel comfortable on this deal were:1. Create fake ads to test re...
Madeline Lamour
Small monthly payment with long term loan or the other way around
Hello, I am looking at buying a multifamily property with 4 units. I already have one apartment for rent, mortgage free, and I was wondering what is smarter as I need to get a loan for this new one:- smaller mortgage ...
Francy Mata
Wholesaling in Rhode Island
Hey Everone,I am a college student and live in Providence, RI. I've been looking to get into wholesaling and was wondering if there were any bigger pockets members in the Rhode Island area that would be willing to imp...
Brad Moore
Remodel Cost - About right?
I’m currently spending right at $39 a foot remodeling houses. One house I remodeled was 1,025 sq ft. Included all new paint, new cabinets, countertops, flooring, AC unit. Outside painted brick. Shutters. Windows. Blin...
Mio Chee
DTI- How does a financed property and its expenses affect?
DTI question (I am ESL. Please bare with me). Any input is greatly appreciated.
My husband and I purchased a rental in July 2021. After a rehab, new tenants moved in early September 2021. We are now preparing our ta...
Esteban Chavez
Which is better a single family or a multy family.
My plan is to have my tenants pay for my monthly payments and make some cash flow out of it. But I haven't decide which one is better options, and can FHA loan work on a multifamily?
Melissa Kirk
Converting a 4 Suite Office Building into Commercial Condos
I'm considering purchasing a commercial office building that has 4 suites. My own business currently leases one of the spaces. I would like to then convert it into a commercial condo. I know I would need to establis...
Jordan Pothier
Portfolio lender dialogue?
Hey everybody, I am not even sure if this is the right question that ask, being a newbie, but I was listening to one of the podcast and they mentioned portfolio lenders. I would not even know how to start a conversati...
Account Closed
Working up Details on Possible investement
When I'm looking into a property for investment (a rental), what are the factors I'm evaluating?
I know that I need to know purchase price, gross monthly income, I'll determing expenses per 50% rule, my loan payments...