John Olsen
Strategy to scale more units
Hello everyone, I purchased my first duplex 6 months ago. I live in 1 unit and rent the other. After PITI and all expenses I typically only pay $100 per month out of pocket total. I put 5% down and have a mortgage ba...
Michael Ealy
What Stops You from Thinking BIG?
I feel sorry for a lot of BP'ers.I see the same questions. I see the same struggles. I can see the same small thinking.And I can see that a lot of newbie investors are doing real estate investing the hard way...the sl...
Douglas Gratz
How does ReFi work in the commercial side of things?
I have bought 8 properties in the past 4 and refinanced them all and since I bought them cheap enough I was able to pull my cash out and or profit while still renting them. I created this post because my goal is to i...
Catherine German
Lender Recommendation for Multi Family Tacoma
Hi there, does anyone have a Commercial Bank or Lender Recommendation for Multi Family Apartment Building in Tacoma - 6 to 10 units ?
Chris G.
Tenant Background and statement help
I met with tenant yesterday and he liked the property and submitted the application. Two things stuck out to me. One of them being the credit we take the credit from two sources and usually the numbers are close or no...
Marco Campos
Acquiring first apartment building
Can anyone shed some light into seller carry back experiences. I've seen the guidelines of some capital firms that have LTV at 75% w/15% seller carry possibility allowing an investor to bring only 10% down. This makes...
Christopher Oh
Thoughts on a Blanket Loan?
Hello!This is my first post so my apologies in advance if I break forum protocol. So here goes:We are in talks to purchase 2 mixed use properties. #1) Cash flows well and has a LTV of about 1.42Commercial unit has lon...
Mike Bloom
A Newbie Question About Loan To Value Refinance
Greetings, BP!
I'm having trouble understanding LTV Refinance loans.
Let's say I have a 20-unit multifamily apartment that I rehabbed and brought up occupancy rates to the point where the appraised value is $5 milli...
Timothy Bonham
Rehab Roadblock
You never want to find a property deal that is to good. Example, we located a commercial property that could be purchased for 10 thousand the property is zoned mixed use it has 1 existing apartment that needs full reh...
Chad Thompson
300k to invest
Pretty basic question. Trying to decide which route to take with that amount. Considered buying apartments or building storage facilities. Its not doing much sitting in the bank/ stock market/money market funds.