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looking at buying first park
Im looking at buying my first mhp. Its small with just 8 units total. There are 2 being homes being rented right now with 3 other trailers that are TRASH and the other 3 lots being vacant. So its going to take some ne...
Doug Cairns
Continue growing portfolio
Hello everyone. I am a Real Estate Rookie and just getting started. I wanted to find out how to scale growth and continue to add more properties to my portfolio. I took out a HELOC to pay for the down payment on my fi...
Matthew Nicholson
Update 2021 Rehab Budget Estimates
Looking for my next flip (sold 2 houses in March, then took a break), and I'm hearing from everyone that materials have gone through the roof (heh).
I spent some time today going through NAHB, BLS, BOL, CNBC, etc. lo...
Nicholas Baughman
I see a Potential Multi-Family Deal for myself
hello, my mother-n-law had some issues with her house and the insurance company put her up in a multi-family dwelling. She told me the seller had the place listed at $650,000 (San Diego) but recently dropped it down t...
Andy Ramdeen
How to buy a 2nd property without saving more money
Hello All,How would someone buy a 2nd rental property without saving for another down payment? There must be a faster way instead of saving about 20k in a year for another property?
Marcia Maynard
Portland/Vancouver Metro Market - Yikes!
Housing stock in low in our area. Want a fixer-upper? Saw this beauty currently offered for a mere $120,000.... yikes! No, the land is not a view lot. 5644 SE Flavel Drive. 3BR- 3024 sq ft.Here is the YouTube video of...
Devonte Thomas
HOW TO EXIT A SELLER FINANCING DEAL
I am currently confused on how I would exit a seller financing deal that has a 5 year balloon in the P&S agreement. For example let's say the terms state that the purchase price is $380,000, DP is $19,000, Amortiz...
Janine Johnson
figuring comps in Northern Michigan
Hi all-- I am looking at comps in Northern Michigan-- popularplace but not a lot of comps to pull.comps I could find--sold dates 5-16 to 10-16Subject property--1972--3/2--2197 sq ft-- asking $145,600 (REO){ my ranges ...
Account Closed
What make a Multi-Family a good investment ?
Hello BP Recently I wonder what criteria would make a duplex or Four plex , a good investment ? How much is good price for duplex, Four Plex ? how do you come up to that price ? What Cap Rate is consider good ? why y...
Eric Thomson
Excel Formula For Max Purchase Price
Hello all!
I am looking for some Excel magic to be able to enter a desired ROI, actual NOI, & actual Loan Terms and it generate a max OOP, which I can then use to determine the max purchase price, but I can't qui...