Alex Deters
Cap Rates for Multifamily
So I've been looking on Crexi at Multifamily buildings and most have a 4%, 5%, 6% cap rate on average. Isn't that low? How does one justify putting 300k down to only make 2k-4k a month? Is that a normal return?
Paul Farley
Insurance claim questions
Hi everyone,My mother passed away last May and since then I have been living in the home. I am paying her mortgage and am going through the Probate process right now. The house will be transferred to my name. I have q...
Corey Dutton
Top 3 Scams in Hard Money Loans
From a fall article in the Scotsman Guide, the popular topic of loans scams in hard money is a conflictive one, particular for those who have been the victim of one. Loan scams are a huge problem in hard money loans f...
Larry Seith
Trouble with buyers not getting financing?
I'm wondering if there are other flippers out there that are having trouble with their end buyers not being able to get financing due to the banks tightening of credit. I have two rehabbed properties for sale and I'm ...
Jason Green
NEED HELP ANALYZING APARTMENT PURCHASE
Ok guys here is the rundown.
(2) buildings of 12 units are built. 6 over 6 plan about 900 sf each unit. 2br 1ba all units are identical. Of the 24 units that are built 8 need carpet and cleanup to be move in ready.
...
Genus Powell
Seller financing. How do the pros qualify owners for seller financing
Hey Biggerpockets,
I'm currently targeting FSBO properties seeking owners interested in financing their own properties. Based on the majority of my feedback asking sellers is he/she is in...
Kim Hopkins
Is It Typical for Mortgage Broker to Charge Fee on Refinance?
Hello!We have a great new mortgage broker but I was just reading his engagement letter and they want us to agree that we will pay them another fee if we REFINANCE with the lender they've introduced us to within 5 year...
Ema Silva
Pay over the appraised value?
Should I pay an extra 30k above the appraised value? It is multifamily. After said expenses, fixed and variable, it would net 2k a month. The CoC is 34% and the cap is 7.6%. I just dont feel good about paying an extra...
Aaron Freeman
Questions about Offers/Contracts
Embarrassing question time!I am embarrassed to say I have purchased 3 primary residences in my life, and don't have a clue how my agent handled offers. 1) When reading about the BRRRR strategy it seems that it's com...
Gulliver R.
Direct Booking Website: How Do You Protect Yourself?
Hi All,I have an STR that's on Airbnb and VRBO right now. But I'd like to build a directing booking site and put my STR on that as well. I like that you don't have to worry about getting a bad review on Airbnb or VRBO...