Going to look at my first multi family property tonight, looking for any advice as to what to look for and watch out for as i go through this journey.Pro forma numbers are good. Meets 2% rule and the 50% rule, cap Rat...
Im looking for some advice on refiancing tips. I have never really looked into commerical property, so im a little unsure on the practices that compare to residential.
I have 2 properties that I may have the chance t...
My name is Chris Wong, I currently live with my wife and daughter in San Ramon, CA. I am looking to get into retail commercial real estate. I've been working with a real estate agent, trying to find a property &l...
Hello, After going through all the pre qualifications and being told I could offer an amount on a property, my Mortgage broker is now saying I need to show more income. I’m worried because we are a week out from closi...
Hey BP, I recently shared some of my woes in finding a house hack deal that works numbers-wise so I wanted to share the details. Trying to consider the long term wealth benefits of owning real estate and not just the ...
Hello,On 3 different VRBO listings, one in Albuquerque, and (2) in San Diego I'm getting an unbelievable amount of scam inquiries on VRBO. It's always a new account w/ no reviews, and it always starts with "is the pla...
I recently received an appraisal from an owner of a commercial property I am interested in. The appraisal was done 6 months ago for a pending offer that fell thru. This is my first step into multi-family, so I have...
Hello all,
Has anyone had any success in owning a seasonal rental property? If so, where is the property located and how do you advertise?
Thanks!
Hello, I'm trying to plan for repairs and vacancies for an upcoming purchase. However, it occurred to me that once you reach a certain number of properties then the standard amounts don't apply. ( 3-10% vacancy, 5-15%...
Found an 8 unit apartment. They're asking $515,909. Cap Rate is10.93. Total monthly Income is: $6,380 & $$76,560/yearThis is my analysis:I used conservative numbers such as 30% financing and estimated 55 expenses....