Dylan Campo
Help me make sure I've covered my bases on my first deal.
I'm finally about to close on my first deal! Its an out of state 2 unit multifamily property we found from a seller that was about to be foreclosed on. The house is rent ready but needs light rehab, nothing too crazy....
Alec Hayden
Oregon-Based Real Estate Investor. Excited to joint the network and collaborate!
Hey BiggerPockets community,
I'm thrilled to be a part of this dynamic community of real estate enthusiasts and professionals. My name is Alec and I'm eager to connect with fellow investors, contractors, agents, an...
Jonathan Twombly
Why we don't invest in New York, even though we're based here
People frequently ask me why I don't invest in deals in New York, even though we're based here. The reason is simple: it's too hard to make money for your investors in New York. That's a huge reason why we invest i...
Michael Alexander
Exploring Lending Options for Short-Term Rental Owners Based on Booking Revenue
Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
Brandon Gall
Need some creative ideas in order to continue progressing. Securities Based Loan?
Hey, BP community,So I have hit a bit of a stalemate with my investing career. I missed out on one great opportunity because I didn't have the lending set up. The lending wasn't set up because to apply for a conventio...
Account Closed
Buying based on a warrenty deed followed by a deed of trust.
I am doing some title searches for up and coming Pa sheriff sales. I am only doing current owner searches but have a question. So I read the following:When a seller conveys land to you by way of a warranty deed, he ...
Dan Schwartz
1031 - Calculations of depreciation and various bases with and without the exchange
I am in the middle of a 1031 exchange. The blog by Jeff Brown in today's newsletter (http://www.biggerpockets.com/renewsblog/2015/07/25/real-estate-investors-myths-eternal-truths/) was the latest place where I heard ...
Leo B.
How do lenders know what CAP rate to base a refinance on?
I'm starting to look into performing a 1031 exchange into an apartment complex and am looking for more information on value adds and how a lender obtains their valuation based on the CAP rate. See example below.- 30 u...
Randy Frederick
Potential first deal isn't a homerun, but should get me on base!
Hey BPers!!
Could use some help analyzing what I hope may be my first deal. I live in Richmond, Virginia and the property is as follows:
SFR
4BR 1BA
1,355 sq ft
On 0.9 acre
B neighborhood with good schools in suburb...
Tracy Sharpe
How much will a lender refinance a rental property based 70% LTV
I am reading Brando Turner's book, Rental Property Investing, pg 69, Refinance. I guess in this example the $105,000 that he has in the house must have been in cash? Now he's refinancing it based on the Value of $150,...