Long time reader first time poster. Amazing community!I think I've hit analysis paralysis stage with 1 property in my rental portfolio and would appreciate some financial advice, specifically - based on the numbers, d...
GM BP Fam, I'd love to hear some insight on what your key indicators are for evaluating a deal(s)? What is the deal breaker?
Hope Everyone has a great Wednesday!
- Joe
My wife and I have been buying rentals over the past few years. We now have 5 tenant occupied homes with no mortgages. Our cap rate ranges from 8 to 12% on these units. It took us several years to get here as we were ...
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi guys,Can you guys tell me how accurate are my numbers? This is just practice. I want t...
Hey I am wondering exactly how strict banks or lenders are If I was to buy a property cash then refinancing 70-80% of it? I am a server and don't make much a year on file and am wondering if the restrictions are the s...
(My first post on the BP forum!)So I realize that each investor has their own personal strategy, but I am posting this question because I would really like to poll other BP members and see what the majority opinion is...
Purchase Price:$60,000.00Purchase Closing Costs:$6,000.00Estimated Repairs:$15,000.00Total Project Cost:$81,000.00After Repair Value:$75,000.00Down Payment:$60,000.00Loan Amount:$0.00Loan Points:$0.00Loan Fees:$0.00Am...
Hi BPers,
We put an offer on a multifamily property at 150K, but the appraisal came in 25K under and the seller will not budge.
Is it a terrible idea to buy an investment property that is appraised 25K under the co...
I have a lead from a landlord who is currently looking to offload some properties. Long story short, desirable neighborhood, nice home, free and clear. It'll rent for $2,200-$2,300 per month with no problem, but is go...
It seems like the folks that are actually succeeding at a high rate in real estate have lots of cash, little debt, a strong savings rate, and excellent credit. The folks that are buying while lacking in those areas su...