So I've been reading all sorts of books and listening to podcasts and watching youtube videos on REI. Lots of these "GURU" types are preaching REI without using a penny of your own money. Is this a reality? Any hard m...
Financing a multi-family property typically involves several steps:
1. Down payment: Ensure you have 20-30% of the purchase price for a down payment. Most conventional loans will require you to bring around 25% of th...
I'm exploring Orlando market and would like to understand the insurance situation. Is it hard to find companies that can insure even in Orlando market? What's the typical cost to cover a 3 bed 2 bath 1500 sq.ft home i...
Hello! We are just looking into ALL the things before diving into purchasing an investment property and have a question for a mortgage broker or anyone who may know. We are planning to purchase in cash, however, if re...
Hi all, just getting started on bigger pockets. Don’t own a thing even though I’ve wanted to take the dive for 10 years. Would love to start building wealth more quickly than just doing our typical 9-5 and seeming to ...
Hi BP,I'm currently analyzing a 4-plex in a good area with below market rents. Using the BP calculator, would you analyze the property based on current rents or future/expected rents?Thanks!Derek
My partners and I just put an 8 unit apartment and 6000sqf warehouse under contract. My question is since it is pretty much a commercial property, how is the value of the property determined.
I'm new to investing but was presented with a potential deal. Purchase price: $550,000Home built in 1922, 1000 sq ft, Class A neighborhood in San DiegoARV: $760,000Known issues: unpermitted garage conversion, broken ...
Hi all,I am a Seattle investor looking to invest in multi-family properties (15-50 units) in the Kansas City metro area in Jackson County. For those who have purchased multi-family properties in the last few years, wh...
I'm looking to purchase an 8 unit property. The owner is asking 600k but I'm not sure his valuation is accurate. The property consists of two 3 unit and one 2 unit buildings. All units are 2 bed 1 bath, single story...