I would like to understand if there is an average cap rate or minimum cap rate for student apartment investing (approx. 10 units)? The apartment is an older building (50+ yr old), so updates are expected. Due to the...
What is a typical mortgage brokers fee for finding the lender?
Do they ever have a declining % structure?
I would think a small deal would not have the same % fee as a large deal.
I am working on a deal trying to get financial for a commercial property and the the lender has listed the following costs.
Email form lender;
Loan amount – 75% LTV max = $231,750 financing
Interest rate – Prime + 1...
Hi. Just got my first deal under contract and will be closing shortly. Buying deal all cash with delayed financing. Conventional loan is about 105k based on 70% of the ARV, with 4.85% on a 30 year note. Question I...
Hey BP!I am looking into a possible deal for some vacant land in Carrollwood/Egypt Lake area. I was wondering if anyone had any builders that they worked with before and what their cost to build was for some six plex ...
Simple enough question asked by someone looking for insight. What is your typical or average percent occupancy (or vacancy, if you prefer) during your "vacation season". Please specify which. Thanks.
Looking at the SoCal prices, it seems most areas are very far from being able to offer rent / price ratios that would satisfy the 2% and 50% rules. In my complex (Newport Beach), a $700K townhouse typically rents for ...
I am wondering what is a typical budget for a live-in flip. I am planning on buying a primary residence that I can get as a decent fixer-upper. It can be move-in ready and could use some TLC to increase the value of t...
Investment Info:
Single-family residence fix & flip investment in San Francisco.
Purchase price: $760,000
Cash invested: $ ###,### (a substantial amount)
Sale price: $1,640,000
This is a t...
I found a lot to develop a 4 plex for the use of Short Term Rental units I intend to refinance and operate myself after the development. The lender I found gave me a verbal approval for the amount of the loan based on...