So I've applied for my first mortgage ever on an investment property. I have good credit fluctuating between 760 and 790, net monthly earnings just shy $10,000.00, over 2 years in my current profession, no current hou...

To any investors in Maryland that underwrite your own deals: how are you modeling property tax in your pro forma?  Given that assessments are every three years, it needs to be able to account for where you are within ...

I bought a house cash.  I will be paying for rehab out of pocket. Before I begin rehab, I want to have a lender in place to refi before beginning rehab.  Now I am shopping lenders, and I am having a hard time finding ...

BP Tax Gurus,My question is regarding short term rehabs.  I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...

I recently missed out on a deal after spending 3 days calculating, calling contractors, and trying to schedule a time to look at a property. It was a two-house deal under one deed. One was partially renovated, but the...

Relatively new here, thanks in advance for answering my question.For context, I own a property with several relatives on the deed as basically caretakers, but the property is understood to be mine; we'd like to take t...

I am a newbee and am looking to buy a single family home that is up for foreclosure next week.  In looking at the history of the property it appears the property was previously sold in an auction a couple of months ag...

Hi all! I am having a hard time understanding the timing of the estimation of rehab costs. I thought you first estimated on a PSF basis how much the rehab would cost to come to a purchase price (PP+Rehab=70% of ARV), ...

What is your finacial criteria when analyzing a possible acquisition of a Multi Family property?
Cash-On-Cash after taxes:
Cash-On-Cash to Equity:
5Y IRR:
Total Expenses %:
Capex %:
Replacement Reserves %:
TI/LC:

Good morning BP,This weekend I have verbally agreed with a wholesaler to enter into a contact at a set price, lets call it $50k.  I will be seeking renovation financing for this property, so I will need the standard 1...