Hello BP community!My name is Pathik Parikh. I'm brand new to the Real Estate Investing world, along with 2 other members (my younger brother and brother in law), through an LLC based out of NJ. Like many of you, our ...

Hi everyone. I’m looking to invest in rental property. I am currently an Estate Manager with free time mostly on Mondays and Tuesdays. I am starting to look at condos in my area. 2 bedrooms/ 2 baths unit selling for...

I'm looking at a multifamily building: about 100 years old, 6 units plus 2 long-term businesses, 4 of the units recently renovated, ~$700K to buy, $92K potential income. The proforma shows $1,200/yr maintenance (along...

Does the bank ever provide a septic report on the condition of the septic tank?

Do you pay to get a septic inspection during your inspection period? Has anyone had luck on getting the bank to come down on the price i...

I understand that for a Fannie Mae conventional loan, if you don't have tax returns for a rental, most lenders will count 75% of your rent as income and the full PITI as your debt.  The part where I'm not clear on is ...

How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc.....

Good Afternoon,Over the past year or so i have been searching articles on bigger pockets, reading books and now I'm currently taking a real estate investing course run by Mike Ferris of DelREIA at Delaware technical c...

I recently visited a 10 unit multi-family property with a broker and liked the property. In most circumstances, I request the rent roll and last 2years of financials, so I can run an analysis on the current actuals, t...

Hi!  Anyone have advice on general rules of thumb or ways to estimate operating cost for a short term rental new construction? I need to figure out a base operating cost so I can consider this when I assess land purch...