John McKee
Loans in the marketplace
I just got a quote from a mortgage banker of 5.65 for 10 years/25 year amortization for a commercial property. Seems like a pretty good deal, although the payments are all interest. This is a property that is paid f...
Alex Ng
How to work with contractors
I'm looking to BRRRR my first property. Its a FSBO who is willing to sell to me. I plan to take a look at the property before choosing to purchase it. Should I schedule the contractor and run a scope of work and get a...
Heath Thomas Jr
LOI vs. Purchase and sales in Maryland
If you aren't going through a realtor and want to make quite a few offers. Is it acceptable to use a short Letter of Intent rather tan the full purchase and Sales agreement in MD? I assume it is because every realtor ...
Eric Lindsey
Owner Finance Question For Multifamily
Hello, BP community,
I am interested in learning about owner finance underwriting. Currently, I'm evaluating a property where the owner initiated a loan two years ago. My question is: How much equity should an owner ...
Nathan Simkin
Need help with recovering expenses?
Need advice on the best way to recoupe losses. I put an offer on a SFR. After some minor negotiations the seller accepted the offer. I did my inspections (general, termite, and the roof). The lender did an appraisal. ...
Omer Zulfiqar
lending for multifamily
HelloI am interested in purchasing multifamily properties. I will be putting down 25 percent, expect the loan to be in the size of 500 K to 750 K. In addition I am planning on paying off the properties in 10 years or ...
Dominique Mitchell
Short Sale - Getting an appraisal
Hello BiggerPockets.I am a newbie hoping I have my first deal completed soon. I have a question about short sales. The home I have under contract is a single family 3bed 1bath. Will be adding an additional bathroom on...
Kyle S.
Flips - Calculation offer price
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
Adam F.
Non permitted addition
Scouting a home that the previous owner played builder on. There was a roof leak that created water damage on the floor and ceiling (small areas). My question is how hard and how expensive is it to keep the addition...
Matt Anderson
Rental payment options
I have a handful of rentals we are having trouble meeting up to collect the rent and my business partner has fallen ill. He can not make it to all the rental to collect rent when they are available. I am looking for ...