Ask any question regarding multifamily lending with Fannie and Freddie. Topics may include proper expense guidance, COVID-19 escrows and their releases, net worth and liquidity requirements or non-recourse elements. I...
Hi all, I am a recent Entrepreneurship graduate from Illinois State University currently studying for my Real Estate License after completing the holy grail that is Rich Dad Poor Dad! After finding my way to the Bigge...
Hello BP Members, and thank you in advance.Question:Is the ROI section on the Flip Calc broken? The analysis below via the link has the following numbers:Purchase Costs: $109,500Rehab Costs: $54,000Holding Costs: $5,8...
Hi,When we were looking to buy a home in The Woodlands earlier this year, I realized many of the homes were fixed up for sale. Some qualitative, some not so much. We ended up extending our lease in June and not buying...
Are there any tax advantages to house flipping like depreciation? Are the profits tax free? I want to get into multifamily rentals. Someone recommended flipping houses to raise capital to purchase the rental propertie...
Are you in Orange County, or a neighboring city? Let's start a meetup! Hopefully we can make it something like a monthly, or quarterly event (feed back please - we'll see what most prefer, I know people are busy) ...
I own a few multifamilies and certainly understand valuing an existing building, or in this case business on NOI. My questions revolve around converting an existing building to Self Storage.How do you assess the marke...
When a house is listed as "foreclosure" on MLS, what exactly does it mean? The other categories include "short sale", "pre-foreclosure", and "REO", so they are not referring to the same type of listings. And almost 8...
Hi everyone,I have an interesting question that I am not sure if I am over thinking and would really appreciate some feedback on. I am a licensed broker in California, and will be doing my second round of direct mail ...
I want to get approved for a DSCR loan. I have walked through a few properties that I know would cash flow. Where can I find a lender? I talked with a manager at my local KeyBank and she told me "There is no such thi...