![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1961657/small_1621925092-avatar-frederickk10.jpg?twic=v1/output=image&v=2)
Hi everyone thank you for taking the time to help me. Here’s my situation.. I live in California and purchased my first property on a 4 bedroom house brand new home build, we are the first tenants. -Purchase price- 41...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1367750/small_1738455957-avatar-michellec168.jpg?twic=v1/output=image&v=2)
We're hoping to do seller financing when we buy our first rental investment property, so I'll be hand-writing letters to long-time owners of rental properties (mostly single family or small multi-family).
Is it to o...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1056710/small_1621508188-avatar-lancet15.jpg?twic=v1/output=image&v=2)
Hey out there. I was hoping to get a little insight into some basic metrics you guys use when running budgets and estimates for a flip.
Do these margins seem too tight for anyone else, or does this look like an ok de...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/368831/small_1621447107-avatar-pompano_ben.jpg?twic=v1/output=image&v=2)
Hi All, I've seen where some estimate closing costs as 3% of purchase price. I bought a $200k house and it was in this ballpark. I was looking at a $50k foreclosure, and wondering if this rule of thumb applies to home...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/85337/small_1621416146-avatar-tony554.jpg?twic=v1/output=image&v=2)
When calculating cap rates, i understand in the article below, ali boone advises us to NOT add the mortgage payment. If this is true, wouldn't the cap rate be 4.5% vs 9.7%?
358 x 12 = 4296 / 94500 = 4.5% (m...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/584277/small_1624810644-avatar-matthewh85.jpg?twic=v1/output=image&v=2)
Investment Info:
Townhouse buy & hold investment.
Purchase price: $631,000
Cash invested: $76,500
Primary Residence - single family rowhouse purchased in April 2020. 3 bedrooms / 3 bathrooms, 17...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/584277/small_1624810644-avatar-matthewh85.jpg?twic=v1/output=image&v=2)
Investment Info:
Townhouse buy & hold investment.
Purchase price: $631,000
Cash invested: $76,500
Primary Residence - single family rowhouse purchased in April 2020. 3 bedrooms / 3 bathrooms, 17...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/584277/small_1624810644-avatar-matthewh85.jpg?twic=v1/output=image&v=2)
Investment Info:
Townhouse buy & hold investment.
Purchase price: $631,000
Cash invested: $76,500
Primary Residence - single family rowhouse purchased in April 2020. 3 bedrooms / 3 bathrooms, 17...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2568274/small_1686155513-avatar-earla20.jpg?twic=v1/output=image&v=2)
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Buffalo.
Purchase price: $167,000
Cash invested: $302,000
BRRRR, Buffalo, NY
Purchased a double with good bones needing a ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/23091/small_1621362152-avatar-ardentambition.jpg?twic=v1/output=image&v=2)
Are there any New Yorkers out there who have any advice as to the clauses that should be included in the Purchase and Sale Contract as well as the assignment contract?
In the assignment, should the entire fee amount ...