Hey all!I've recently had an offer accepted for my first deal! This has been an exciting time and the past few days have been FULL of new experiences conversing and dealing with paperwork from my agent, lender, inspec...
I'm looking at a 450 unit property in an area I like, offered at 7.9% cap. 2.1 mil NOI, comes out to 26.5 mil. 20% down= 5.3 mildebt service on a loan that size runs, at 5.5% 30 year, around 117k, leaving only 40-50k ...
Hi all, its a pleasure to be here. My name is Alethea and I invest with my fiance. So he's French and I'm American we have very different views but agreed to invest in Detroit. We started in January this year with a f...
I've been analyzing deals for a couple weeks now. A mix of single-family, small multi-family, BRRRR, and even a 20-unit apartment.I'm a numbers guy, so I've done my research and believe I am using accurate numbers whe...
Hi all,My tenants in Indy start to pay rent late after 3 months moving in. The house is in a decent area, rent for $1100. My property manger told me among the houses she manages, there is about 25% late rent payment. ...
My first DSCR loan experience was unexpected. I'm looking for guidance from this community. Is my experience normal?
I was given the loan terms verbally from a DSCR loan broker out in California for a cash-out refina...
Has BiggerPockets Money become too focused on FIRE (financial independence, retire early)? For the past seven years, we’ve been bringing you shows highlighting the journeys of those who left their jobs to enjoy early ...
I just closed on a newly built 6 unit multi-family apartment. Everything was built and installed 2 years ago and is immaculate condition. Now here in lies the problem. The HVAC systems are all high-efficiency and nee...
I am a newbie at real estate investing.
The mentor I have explains that with every deal he gets 50%.
for example:
A lease/option home with $20k down
And a residual of $1000/month
He would get $10k of the down pa...