Clay Sexauer
Do these hard money fees look correct?
Hello,I'm currently in the middle of obtaining an 18 month hard money loan. I was wondering if the additional fees associated with obtaining the loan are industry standard.Points: 4Interest Rate: 12%Appraisal Fee: $45...
Sophia Wang
Properties with corrected structural issue worth consideration?
We have been back and forth on this one, and I am really not comfortable making a decision on this without consult the community here at BP.
The subject property is a SFH built in year 1900 in a historical area of t...
Account Closed
Do I understand the flipping process correctly?
Hello all!I've been scouring the forums recently and I would like to get started in investment with a 'fix and flip' strategy. That way I can build equity to do SFR buy and holds later on. The first step I would take ...
Thomas Seay
San Francisco Bay Area Real Estate Correction
So how much longer can this boom continue around here? I live in Palo Alto, where I have my main residence. I own rental properties in San Mateo, Foster City and East Palo Alto. The one in East Palo Alto I only pur...
Alexander King
How should a multi be correctly labeled?
This seems like a relatively easy question but I have a house 74-76 Shore dr as per the town records. Do I label the units 74, 75, 76 ? or 74a 74b 74c ?
Edwin Mathew
Correct place to post a wholesale deal
Hey y'all, I was watch a YouTube video where the wholesaler listed a deal on BiggerPockets forum, instead of running the risk of posting it & getting skated on FaceBook marketplace. My question is, where is the ap...
Gary Mariencheck
Earnest money on contract.. Need correct info
I'm getting conflicting information on earnest money down for getting a property under contract. I'm told that 10% EM is the standard in TN and that you have to prove funding before you lock a house under contract. Is...
John Stewart
Double checking whether my analysis is correct
Hello guys,I've never pulled the trigger on a deal before, in part because I don't have all the capital lined up just quite yet but mostly because I am not confident in my ability to analyze a potential deal. When lo...
Account Closed
do i have these entrance strategies correct?
if i were to wholesale, these are my different options to get the financingCash deal- big discount on priceOwner Financing- they need finance the equity and i pay off whatever mortgage they have left. They do this if...
Damon D.
Operating Expense Ratio - How to correctly calculate?
When calculating the operating expense ratio for a property, do you leave the vacancy & credit loss allowances as part of the income when you calculate the ER, or do you first back out the vacancy & credit los...