Evelyne Ling
Junior Lender Foreclosure questions
Hi everyone,
I'm a junior lender on a property, and my attorney is advising me to buy out the first lender so that I can foreclose on the property myself. The sale proceeds likely won't fully cover my loan.
I have a...
Alex Volk
Property tax question
So, I am new to this, and am just browsing realtor.com for multifamily units and found the property tax section. What is the additions section? And is the "Total Assessment" section the amount you would be taxed on? T...
Lance Howe
Newbie Question On Buying Mobile Home Park
Looking at an off-market deal for a small mobile home park with 6 units total. 4 single wides 2 doubles on 6 acres in a small community in Wyoming. All early 70s to early 80s units. 2 definitely in need of repair and ...
Michael Reed
Western North Carolina (WNC) Cap. Ex. Numbers?
So I did the rookie move of taking the generic capital expenditure numbers from a book as a starting point for cash flow evaluations. I'm looking for an initial house hack where I treat myself as a tenant for evaluati...
Vaibhav Bakre
Maintenance repair costs for a 40 years old house
I am evaluating a $300K house that is about 40 years old. The house is in good condition, AC and roof are 5 years old.Generally I keep $2000/year towards maintenance when I buy houses that are 5-15 years old in this p...
Jim Johanson
Online Rent Payment Options
I am evaluating online rent payment options such as eRentPayment.com and rentpayment.comDoes anyone on here have any experience and recommendations for the best product. 16 units total.
Account Closed
What part of rental income do lenders consider?
I’m planning on purchasing rental properties in the near future. Once I’ve gained rental income, I would like to finance a Condo and even more rental properties with my income from rentals. However, I’m a bit confused...
Katie Johnson
12mil property-6% Cap Rate - advise needed on first large deal!!
Here are the numbers
44 Unit multi-family for sale $12,618,052
Gross Rent Roll - $ 918,000
Total Expenses - $92,950
Net Operating Income - $ 825,050
I think this is a great investment, on a large scale.
However...
Tony Gunter
Commercial Property Advice
Hey BP folks.I’m looking for feedback from commercial property investors.I might be able to acquire a small commercial property in a smallish town.It’s a two story brick square with two narrow store fronts, a shop are...
Derrick McCoy
Networth question on ROI
I have managed to purchase 4 properties with only $26k of my own cash. The total value for the properties equal to $718500. The monthly income produced is $6041. Principle and intrest payments equal $3,746 per month. ...