Samuel Jones
New Investor / Analysis Multi-Families
I’m trying to practice calculating the math of a multi-family deal by practicing step #2 (Practice The Math) from Brandon Turner 8 simple steps to get started https://www.youtube.com/watch?v=u83O2l1QEj4&list=LLlvU...
Luisa Trigo
HELOC Interest Only Fixed Rate
Hello,I am looking for a HELOC, 10 year draw period, interest only, at a fixed rate. All I am finding is variable rate OR fixed rate for a HE Loan repayment principal plus interest. Aiming to use the HELOC to cover th...
Dexter Harris
What’s a Rule of thumb?
What’s a rule of thumb for Utilities (Water and Sewage, Electric, Gas) per door number? If there is a such a rule? I’m aware of the RUBS system. If you don’t have the historical from last year, can we use a number per...
Steve Guerra
Your Opinion On this Deal
hello everyone
I will like your opinion on this house I am interested in purchasing and rehabing and living in it. Okay here is what the property needs. New Kitchen, new carpet, new paint, new landscaping (front lawn...
Nicholas Catanzariti
HELOC vs. Cash out Refinance
Hi all,I am looking to purchase my first rental property, but am debating on which route I should take to finance the property. I have been offered a 90% LTV HELOC at a fixed 2.99% APR for the first 6 months then mo...
Francisco Garcia
Refinance months after buying a property - Appraisal question
Hi there BP fam I have look around and have been able to find information specific to my question. I hope this question and your answers are helpful to someone down the line. Background: Bought a 7bd/5ba SFH to househ...
Liam Hanson
Preforeclosure w/ lots of equity but has multiple liens/loans
I am a new investor. I came across a property with lots of equity (about $520k), but it has loans totaling over $2M. I think the loans are for a business or something else. It doesn't say but it shows up under mortgag...
Paul Dario Jr
Evaluating my option with HELOC's
Hey BP. I'm evaluating my HELOC options. I've applied with two banks/credit unions. Here are the details:Bank #1: approved for $98,600 @ 6.15% for 360 months. Rate is variable monthly. I don't believe an initial draw ...
John Smith
Underwriting Non-Controllable Multifamily OPEX (pre-acquisition)
When purchasing a commercial multifamily building with 5-50 units, how is everyone underwriting / assessing the non-controllable operating expenses on the target property? The offering memorandums from Agents are extr...
Stephen E.
Condo Conundrum
So it is winter and I have been searching for bargain priced condos to add to my rental portfolio. Unfortunately there is a severe shortage of townhouses, which seem to be the best kind of rental unit here, in contras...