When calculating cash flow, you hear a lot about how much you should budget for various reserves (7% for vacancy, 10% for property management, 5% for cap ex, etc. etc.). My understanding is that you're calculating a p...
My mom's mortgage broker told her this: "A conventional loan, Fannie, Freddie, or VA, FHA do not allow title into a LLC. Commercial loans (5 + units apartment buildings) allow it but not for residential. Or an Alt A...
We are going to attempt to purchase a duplex/triplex/quad for my wife's retired parents(about 10 miles from us). They currently own a home 300 miles away. We are going this route so that way the property will have m...
Just going over my lease and I realized I made a mistake on the section that addresses late fees. I have both a percentage and a dollar amount written that is to be charged but the dollar amount doesn't match the perc...
I am looking at a 10 plex (2 fourplexes and a duplex) in the an older, built out part of town 11/2 miles from the university built in 96 with a cap rate of 6.1% and a sales price of 650. The other project is new, gra...
Hey BiggerPockets, when using the BRRRR strategy what would you typically expect to cash flow on a single family house in Maryland?What cash flow amount is your average?How much cash flow per house makes you feel like...
I have a friend who currently owns an empty 3 acres lot which is zoned for apartment/multi-family housing. Can I sell a multi-family unit I currently own, 1031 exchange it and use the money to build (new construction...
View report*This link comes directly from our calculators, based on information input by the member who posted.12 Residential Units and 1 Commercial unit. I figured rent based on $1000 each residentia...
Just read another post that got me thinking... didn’t want to hijack her post so starting a new one: We’re looking to sell a Quadplex later this year and expect to have some capital gains. We own another similar quad ...
My relative's house has a reverse mortgage. I'm not listed as the executor or beneficiary in his will. Unfortunately, his health has declined recently. He said I can have the home if I payoff the reverse mortgage. Wha...