How vastly can a single vs multi family home's costs vary and what is the best way to calculate the difference?
When purchasing the “replacement” property, do we need to purchase a property equal to or more than, the Capital Gains or the Net proceeds?Sell “relinquish” property: $287kLoan balance: $115kCommission, fees: $15kPur...
I'm talking to a lender about taking my only 5 rental properties and doing a portolio/blanket loan. The loan amount is $400,000. He quoted over $14000 in closing costs! Is this normal?? It would be a 30 yr fixed a...
Wondering how to evaluate a tear down that will be a wholesale deal. should i call around to builders and ask how much it would cost per Sqft to build in that area ? or comp a house that was previously torn down and b...
I posted this under another topic as well, so if you have already read, my apologies.Can you please confirm my understanding of this strategy is accurate...so, I buy a cash flow property in the following manner:Purcha...
ok someone has just threw a monkey wrench in all that I have learned from BP. It's all about the numbers,,,, I hear this all the time. So I finally learn how to do the 70%, 65% rule and now I plan on putting an off...
Hi All, I need another opinion/clarity about my closing costs. Home is a multifamily for $380k, conventional loan, bought 1 point and interest is 6.125. Initial closing cost estimate was $13.5k. Just received disclosu...
BP, newbie here. I have been doing a lot of practice deals with the different BP calculators. One thing that gets me and maybe it's not that big of a deal but estimating what the closing costs will be for different de...
Hey guys,I am a newcomer to BP and I have always had this question. What is the critera that professional flippers or buy and holders/BRRR use when figuring which house to purchase. I know its a little different for...
So this seems like a very noob question but I am having a serious brain fart here. Almost embarrassed to ask this!I just sold my second flip and i'm trying to calculate the exact profit amount. I've crunched the num...