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Properties' Mortgage Amount (Los Angeles area)
back in nyc i routinely used propertyshark to find out mortgage origination amounts and sometimes even balances.any way to do same online around here in cali?
Jacob Lemberg
Opening Bid way below amount owed
hi everyone, I'm brand new here and have a question about a certain property. I hope this is allowed. The property in question has a $30,000 opening bid, but $127,000 is owed on the mortgage (which is probably about w...
Hunter Peterson
Calculating Reserve Amounts w/ Increasing Rents
When calculating cash flow, you hear a lot about how much you should budget for various reserves (7% for vacancy, 10% for property management, 5% for cap ex, etc. etc.). My understanding is that you're calculating a p...
Corey Kenney
Amount of HELOCS or Equity loans
I was thinking that I could have as many HELOCs as I wanted. How many times can I leverage the same equity. What if I set up multiple lines with different banks and closed on them in the same day or the same week. Doe...
Whitney Robert Caldwell
Whats the right amount of rent?
Hello BP Nation, I recently purchased a 3B/1.5B townhouse for $176K in East Baltimore County, MD. My property manager and I set the rent at $1800. The median rent for the zipcode is $1500. There are very few rentals ...
Arijit De
MultiFamily Financing for smaller loan amount
I joined BP just yesterday after the webinar - I have been reading posts and articles in this website but yesterday's webinar convinced me to join the Pro membership. Thanks for all that you guys do - its really aweso...
Butch Cantz
Amount to spend on first deal
I know this is a question that doesn’t have a solid answer but as I am looking at properties online I am drawn to 2 different areas.... lower end homes that are <$110k and have renters in place around $850- $1000I ...
Cody Plemmons
Monetary amount for a sewage easement
I have an empty lot that I am looking to build on. The property does not have sewer available, but I have contacted the adjoining owner behind the lot for an easement through his property and he is ok with it. I am wo...
Christopher Roy
Private Lending Question - Small loan amount
Hey guys, first off I want to thank everyone for all of their help. I am looking to move forward on my first buy and hold property because of all the things I have learned from this website. I have convinced a sell...
Christian Sanchez
Ideal Amount of Equity in Foreclosure?
Hi all,
When looking at foreclosures, is there an ideal amount of equity in the properties that I should be searching for? Should I be searching for properties with the most equity, least equity, or does it r...