Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $3,450,000
Cash invested: $2,000,000
My 4 partners and I just closed on our first syndication deal!
We purch...
Hi all, I'm in the middle of refinancing a 3-family with a 30-year fixed-rate conventional loan at a local Credit Union. The appraisal came in higher than I expected, presenting an opportunity to cash-out ~$75K while...
"THE CONSUMER FINANCIAL PROTECTION BUREAU HAS PUBLISHED THE FINAL REGULATIONS ON THE DODD-FRANK LEGISLATION AND IT WILL AFFECT THE WAY REAL ESTATE INVESTORS WILL DO THEIR BUSINESS ONCE THEY KICK IN."
This is a quote ...
Hi Everyone,
Do any of you have experience with section 8 in Michigan? If so, where do I find out how much rent I can charge? Also, how do I sign up? I have searched, but haven't been able to find this info yet. ...
Just wanted to let everyone know that Pro and Plus users can now chat with any BiggerPockets Members that they are colleagues with! In the bottom right corner of your screen you'll see the blue "Colleague Chat" box. ...
Good Morning BP Community!!!Can you tell from the timing of my post, I am eager to get going on 2017?!?!?! Kidding aside, I really am motivated to get going! My business partner and I have set a goal of fully renovati...
Real Estate is a part time business for me. My plan is to rehab and flip 4-5 homes per year. I have a full time job as an insurance agent where I am a partner in an S Corp. My paycheck puts me in the 30% tax bracke...
I'm taking over managing a property with a legacy tenant of over 20+ years. Rents have not been raised since they moved-in in 1998.
There is not a security deposit. Is requiring a security deposit with the new lea...
As investment mortgages tend to have a higher rate, are there any limits to how much of the rate can be bought down? To make the monthly profit margin bigger, we would be looking to buy this down 8-12 points (2-3%) on...