Nick Louie
Should Pre-Approval Letter Contain Interest Rate?
Hi BP Community,I'm a first-time home buyer in New York City. I was wondering whether a pre-approval letter from a bank should always contain the pre-approved amount plus the interest rate for the duration of the term...
Travis Oneill
First time Buying Investment property
Question: This will be my first rental property. Its an Investment property. I will not live in the property. 16 Unit Multi Family Property Price = $825,000Cap Rate = 8.83%My question is do I have to put a Downpayment...
Alison Rodriguez
Flips and Interest Rates
The ARV on a deal I'm evaluating is $400K, with the comp selling in January 2022.This would be my first flip after having done renos and BRRR and I'd be interested to hear thoughts on the rising interest rates, flips,...
Taka Sande
What is the difference between Capital Gain and Capital Growth?
What is the difference between Capital Gain and Capital Growth? Can anyone show the difference using examples and calculations?
Nathan Walden
How Does Private Money Work With Buy & Hold Real Estate?
I've watched a few Biggerpockets videos and podcasts and have heard of many people using private money for real estate deals. When looking at private money loans, I see a lot of people using them for flips and not buy...
Marc Beaulieu
What are some numbers that people use to analyze deals?
I use the typical Net Operating Income, Cash Flow, Return on Investment, and Cap rate. Most of the books I have read site all of the same metrics. Does anyone have any different numbers that they find useful when anal...
Michael Lynn
Advertising an assumable mortgage?
We're selling a 5bed/5bath in Fredericksburg, TX. I checked our contract last week and realized our 2.75% mortgage can be assumed by a buyer, which seems like a huge differentiator to me in this market.Our real estate...
Account Closed
Contractor estimates making head spin.
Hello ,I ve acquired a property in central PA and am renovating it before renting out. I have bids from 3 contractors so far and am getting big variations between contractor quotes.Wondering what the approximate costs...
Bob Malecki
1st position note on CA home with balloon??
Hi Folks,
I'm looking a buying a first position note for $150k UPB on a home with an apparent value of >$300K located in So. Cal. via the FCIxchange site. Its listed as "newly originated". I looked at the ...
Logan Turner
Who pays for painting materials?
Quick question for everyone. My contractor gave me labor quotes, and I am purchasing the material list for work to be completed. The painter has added items such as graco pump armor and gracO spray tips (for his paint...