Eric Wong
Financing question? DTI
Does anyone know if you can use the potential rental income on a application for financing, as a way to lower your DTI. If anyone knows if it can be done on either a conventional loan, fha loan for a triplex, or would...
Jun Zao
What is the estimated monthly cost of a 7-unit apartment building
I am currently looking into a 7-unit apartment building on RedFin.Location: Chicago IL, North Lawndale, low income, high crime neighborhood.Asking price: 450,000Total monthly rent income: 7162Well maintained (so claim...
Dan Gandee
PROS vs CONS of Mobile Home Park Ownership?
After purchasing multiple parks and managing them over the past few years here's my synopsis of the pros and cons of owning a park. What has been your experience?
Pros:
Steady Income: One of the biggest advantages ...
Mark Goncalves
Rental property profit analysis
What's the best and easier way to analyze a rental property profitability.?
Samantha Reeves
VA Loan Resource
Hello everyone!I'm excited to join this community. I have a background in VA loan education. I currently have my real estate license and have past experience as a loan officer, focusing on VA loans. I'd love to be yo...
Chukwudi Motanya
Multi Family Deal Practice #4
Hi BP, hope everyone is well. Posting another analysis to help myself practice. Please see below for my analysis: Purchase Price: $399,000Price Per Unit: $100,000Occupancy: 100%Seller Cap Rate: Not listed, but from ...
Todd Harvey
How is DTI measured when you spent a lot on improvements?
I'm hoping to be able to either get a cash withdraw refinance or a HELOC so I can buy another building, but I have crappy DTI ratio if all my improvements are held against me.I just spent ~70k in improvements for my 4...
Garett Scott
Thoughts on this deal? 9-unit rental, with commercial space.
I had posted this deal a couple of months ago. The property is still listed (red flag) and I am revisiting this opportunity.Asking Price: $260,000Apartments: 9 Units (Fully rented, average rent is approximately $370/...
Ryan Hamaker
What % should expenses be in relation to gross rents for multifam
What % should expenses be in relation to gross rents for multifamily properties. For example: While evaluating a deal, for the sake of easy math, a multifamily property has gross rents of $100,000. The Actual or Pr...
Laura A.
are tenants of small multifamily properties riskier?
I live in the mid-atlantic region. Single family homes are my niche, but I am branching into small multifamily (2-, 3-, 4-plexes) properties. They are different from traditional residential rentals in many ways:- age-...