Kristi Monighetti
Buying House from Parent With Unique Circumstances
In 2018 I separated from my husband and needed to buy a house. Due to my pending divorce my dad helped with my house, I put the money down to buy it and he obtained the loan and also left me off title (long story ther...
Duncan Banks
Thoughts on This property
I have been making an effort to get into my first Multi, but it is slim pickin's in my area (south/ east Massachusetts). It seems investors are scooping up the cherries before they hit the real estate websites. T...
Dave Carella
have you ever experience a bait and switch on a short sale?
House on market and MLS for 175k. my cash offer of 175k is accepted. house under contract with nothing unusual from the bank. 2 months later bank counters offer at 220k WTH???? This is totally unethical and bait an...
Angelo Van
Applying and judging the 1% rule
So i've heard many people talk about the 1% rule. The rule states that the monthly rent should be around 1% of the purchase price. Now I want to say I do understand this is a rule of thumb and I do understand it's no...
Ram Gonzales
I have private money to lend. Terms?
Hi. I've been investing for about ten years (rehabs and wholesaling). Now I am getting into private lending/joint venturing. Want some feedback on these terms.- I fund 100% of project including purchase and rehab cost...
Kayla Elliott
Newby
Hi yall! I'm from Southern California looking to start investing at the crazy-experienced age of 22. [insert sarcastic response]. My biggest obstacle at the moment is where exactly do I start so if anyone has any idea...
Tyler Hallman
Cap Rate.. based on previous owners purchase
I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense.
Example:
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...
Joe P.
Ready to pull the trigger - should I?
Hi all, found a property I'm close to ready to moving on. Seller and I are about 4k apart in purchase price but I'm using their selling price for number eval:Neighborhood: C+/B-, I would live here if I needed to. Its ...
Lynn Harrison
refinancing rental after hard money?
Hello,
My friend is looking to buy property and I told him I'd ask for him. How difficult is it to re-finance at the end of a hard money loan(interest only, 6 months)? He might be paying 34 to 50% cash, the rest a lo...
James Syed
12 unit Building Valuation
Hello BP Members, I am interested in purchasing this 12 unit building and would appreciate if members could assist me with purchase price. It's an off market property and Seller has passed away and his family doesn't ...