Jon Pflueger
Predictions on the FARE act and its effects on the NYC rental markets?
Recently, NYC Council has passed a bill, the F.A.R.E. act, that shifts the brokers fee to who ever hired the broker (Usually the landlord). I am curious to hear some early predictions on what effect this will have on...
Sheena Drake
bank offering less money than expected
Looking for opinions.........2/1 SFH in Missouri. Bought for $33,500, B/C neighborhood. We have rentals in this same area so expecting $750-800 rent. Taxes, insurance $1000 together for the year. Nicely fenced in ...
Vaughn J Smith
Single family home (former rental) for sale in slow market
I would like to start off by saying thank you all for providing such a wealth of knowledge on this site and via the podcast. This is my first post and it definitely will not be my last. A couple months ago i was direc...
Corey Collins
Quit claim question: Titling a property in LLC name
Hi everyone,I have a newbie question regarding purchasing a property through conventional financing and then quit claiming it into an LLC. I am aware of the risk of the loan being called as a result. However, I'm curi...
Julia Shevchenko
Wholesaling REOs in Milwaukee
Hi BP community. A group of investors and I have come to realize that there is an opportunity in Milwaukee to buy properties that are REOs as well as from the city. Option A: build a team and rehab from out of state, ...
Cheree Harris
Tax Question for Rentals
Applied and was approved for a guidance line of credit in my personal name before starting a real estate business with another party. Closing on the home next week but payments will be made to lender from company acco...
Jonathan Pflueger
Is 6.6% a competitive HELOC Rate for the Bay Area
BP, After doing some of my own research I am curious to see what others in the Bay Area are getting offered in terms of HELOC rates. I was just offered a 6.6% variable rate, interest only, 10 year draw, on my primary ...
Ben Patel
Help me calculate profitability of this Multi Unit family deal?
This is one of the deals I am looking at it's an 18 unit family unit apartment complex in an excellent area where the rent's similar will go for higher.Here is the deal:Asking price: 2.8 Cap Rate: 6%Avg monthly rant o...
George P.
How does this sound?
Got off the phone with the local banker. Inquired about financing a 2-unit building with them (they originate the loans and sell it on the secondary market. I have dealt with them in the past with no problems).
They r...
Mike Ball
Multifamily Repair Budget per unit
I am under contract for my first multifamily deal, a 20-unit property in Charleston MSA. I am doing some forecasting and wanted to get some thoughts on what people budget annually per unit for repairs (including unit ...