McKellar Newsom
Creative Bid Ideas
I like negotiations, but with REOs you often don't get to the table with the bank. The only way to communicate is through the use of a bid. What creative bid ideas have you used buying bank foreclosures?
Nhi L.
Need to find home insurance for first SFH
Hi Everyone, I am purchasing my first SFH, and I plan to live there for a year and share 2 rooms with 2 other tenants, to reduce the cost. Then I will rent out the entire house the next year.Could you please recommend...
James Calabrese
BRRR strategy - seasoning required before refinancing?
Hey BP community,How much seasoning (history of rental income) is needed when going to execute the ‘refinance’ section of the BRRR strategy. I was speaking with Bank of America the other week and was told they’d need ...
Sam Elder
FHA Home Flipping Waiver About to End
In an effort to stimulate repairs and sales in neighborhoods hard hit by the housing crisis and recession, the FHA waived its standard prohibition against financing short-term house flips. Before the policy change, if...
Jermaine Morgan
Cash Out Refi or DSCR in GA
Hey all… I’m a realtor and investor in GA. I’ve been flipping homes using my own cash for maybe the past three years. I closed my first deal using hard money today. I also buy foreclosed homes cash often. I want to le...
Diogo Marques
What is your investment criteria?
What is your finacial criteria when analyzing a possible acquisition of a Multi Family property?
Cash-On-Cash after taxes:
Cash-On-Cash to Equity:
5Y IRR:
Total Expenses %:
Capex %:
Replacement Reserves %:
TI/LC:
Amy Kendall
What if all properties identified go under contract?
Looking for a second opinion. Situation. We identify 3 properties, submit offers, but they all go under contract, not to us. Can we re-identify, or buy one not on the list?
Ryan Anderson
Would you consider a Principal + Interest HELOC?
Hi everyone, I'm trying to make a final decision on a HELOC lender in the next day or so here. A local credit union has an option to go up to 100% LTV (up to a $400,000 limit), but hey require you to pay 1% of the bal...
Stephan J Hagen
Owner contract -- Pizza Restaurant w/ land incl -- Western WA
Hello Everyone,
I have had a fortuitous turn of events that takes me out of my comfort zone of Residential Investing. I had a family friend who owns five pizza restaurants approach me and offer to sell the Land and r...
Connor McGinnis
Financing an apartment complex
I am looking to invest in the Metairie, LA market. It is a suburb just outside of New Orleans. Can someone provide some insight on how you structure your commercials loans? My parents who invest, say they never do dea...