Nicole Collins
Sell my single family to purchase a multifamily
Hi, I am new to Biggerpockets and Real Estate investing. I'm learning as much as I can right now on this site and reading books. I currently own a single family home that I bought in 2010. My Tenants pay $1500 and my ...
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How should I get $12,000 for rental property repairs?
My wife and I want to buy our 1st rental property. We are currently looking into a duplex that we could buy for $40,000. We can get a 6.5% for 15 years ($314/mo for P+I) or a 7% for 30 years ($240/mo).
My wife and ...
Mark Killion
Chicago Cap Rates for "3 to 4 unit" properties
Hello Bigger Pocket members!
It has been a while since my last post on Chicago Cap Rates.
I figured it was about time for some updated numbers.
This post will look at Cap Rates for small multifamily properties.
...
Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
Tip Lee
Question on vacancy reserves
Hi, Newbie here. I have a quick question regarding "vacancy reserves". Im having a bit of a hard time wrapping my head around this, but I think its very simple and Im over thinking it. When calculating vacancy reserve...
Anthony Mikolich
Renters income qualifications
Hey All!So if I'm renting a unit for $1100 a month should the tenants monthly income of at least $3300 be their gross or net monthly income?
Dave A.
Feedback on numbers for 8 unit CT multi-family?
Hi All,After a couple years of research, I'm finally comfortable that I've found my preferred niche' in commercial multi-family and I'm ready to make my first purchase. Big problem: no multi-family in my area and low ...
David S.
What do you think of this SeaTac MFH?
I am thinking of investing in a syndication that is buying a 157 unit apartment project located at 3117 S 192nd St. in SeaTac, WA 98188.It appears the property last sold in 2015 for $1.8Mn….the syndicators now plan to...
Rod Cordsen
Question about qualifying ratios and procedure
I am trying to understand the procedure for qualifying income ratios for Fannie mortgages. Investor or owner occupied.How do they count rental income from new purchase? I understand for existing rental properties the...
Tanim J B.
How to review smartmove income suggestions
Howdy, a newbie question.
was trying to verify 3x income requirement. Got application using smartmove where it says income as xx but paystubs show different? Should we consider pay stubs as source of truth?
Also app...