Shulem Elias
55% towards expense
Hi BP Family , While learning on how to observe a rental deal generally before delving into the details, I cam across the tactic of just checking the Cap Rate on the deal , to see if it matches the investors interest,...
Jorden House-Hay
Closing costs and property value
Hi all! Question: Should closing costs be included in property value (and subsequently in appreciation and ROE)?Context: I've been developing a deal analysis tool based off the walk through in this Bigger Pockets post...
Demetria Sanchez
Wholesale- Deal or no deal ,what’s your input?
Hi BP community So here’s the situation and before I start I would like to inform you all , i don’t think it’s a great deal but I would love others opinion. My partner came across a homeowner who wants to sell his pro...
Shannon X.
When looking for comps....
When you are checking comps what exactly should you be trying to match up with other houses? square footage, bathrooms, bedrooms, basement, year built, ranch, high-ranch,ect...
what are the most important? or are th...
Isaac Pepper
How to Handle Appraisal Discrepancy
I am currently in the process of a cash-out refi. The appraisal came back in the ballpark of what I expected. However upon reviewing it I see that the appraiser used a building sketch showing a 5'x12' "open porch". He...
Michael J. Ray
Deal under contract
I have a deal under contract for 30k ARV 248k. It’s a vacant land lot. Is this a deal or no?
Jacob Kizewski
Tracking Expenditures and Managing Receipts
Purchasing my first duplex in the Twin Cities at the end of the month and am researching different software/apps to help manage receipts and tracking expenditures. What do others recommend?
Michael Ketchen
First post, deal advice
Hi All,First time poster with a question I hope this community can help with! We are looking at acquiring a multi family for $275K with 20% down. The issue we are running into is trying to determine if the numbers add...
James Allen
Should I buy this property??
Hello BP CommunitySo I've come across this out of state property I'm prepared to make an offer on. Wanted to get your thoughts on it first. Property Type: Duplextwo 3 bed 1 baths just over 1,000 sq ft. each. Neighborh...
Ross Ellington
I'd like some feedback please
Happy holidays everyone! I recently bought a home through VA and would like some professional feedback if you think it's a good deal. I purchased it at $160,000, appraised at $167, 000. The PITI is $1015, will conside...