Alexander Merritt
How Hard Money Loans work in detail
Hello BP!Can someone please explain to me IN DETAIL how Hard Money loans work? I understand that they look at the ARV of a property and then lend you x% of that (usually 70%), but what are the actual steps of getting ...
Mark Grozen-Smith
Short Term Rental Expense Ratio
Hi BP friends,I'm looking at acquiring a property for use as a short term rental (STR) and I want to know what the typical expense ratio is for a STR. I know the benchmark for multifamily is ~30%, but I haven't found ...
Joe Potenza
Active LP investors and or Syndication Proffesionals
Bigger Pockets LP investors and multifamily syndication professionals, I am curious to the parameters and investment criteria you all require and search for?
I am currently putting together a multifamily value add sy...
Hai Doan
Hard Money Loan Question
I just went to a website to apply for pre approval and they require 15% of the loan amount in the account, is that the norm now? Back in the day it didn't require this but it has been several years so I figure I woul...
Michael Gonzalez
Hard Money Lending and how to Be More Attractive to Lenders
Happy September BP lovers! Wanted to start a discussion around financing, specifically "hard money lending". What can you do to be a better customer for a hard money lender allowing them more trust to lend to you? ...
Ayana Miller
Owner Financing Proposals
Hi BP! I am a real estate investor (multiple buy and hold multi-families) venturing into a new deal type: owner-financing! My team is looking at a five unit property with an asking price of $266,000. We would like to ...
Edwin Duran
Property Management
On average, how many hours per week does a property manager work, if say he manages 1-2 properties in one area? Thanks, Edwin
Trevor J.
San Diego Sewer and Garbage Costs When Analyzing a Deal
Hey San Diego investors,
When analyzing your deals for purchasing rental properties or properties to house hack, what are the norms for sewer and garbage costs that an owner should expect to pay? Are these statistics...
Reece Bierhalter
Late Fees AFTER Notice to Pay or Vacate provided
I provided a tenant with a 3-day Notice to Pay or Vacate. The total amount is based on the back rent due, plus all late fees incurred up to the day I provided the notice. Per the lease I have an initial late fee, the...
Amir Ardi Abar
Price per sq ft to build in NJ
I am looking at an opportunity to build a duplex in northern NJ. Plans are in place and approved so right now I am trying to get an understanding of what price per sq ft is to build in NJ. Each unit would be roughly 2...