Gail Shulski
PML Calculation for Interest payments and Payoff needed
I'm about to close a deal with a PML for $150,000, 12%, and 2 points. I'm going to pay interest only for 6 months and then a balloon payment of the balance on the 7th month (after I'm able to refinance with a traditi...
Cameron Hillebrand
When to use crew do and when to hire contractors
Hi! I am in the St. Louis area. I'm working on an old brick house. Gut rehab. I have been hiring one fulltime "employee" (friend who takes cash). This is an experiment for me to decide if I want to get a crew with gu...
Shannel Tuitele
1st post - need that BP fam bam insights on FHA loan on fourplex
Hey team,
I am about to submit an offer on a fourplex that has been on the market with no offers for over 20 days. The seller has priced it for almost $800k but two units are not completed so I would need to fix bot...
Zac Vaughan
DSCR Breakdown - BPs NOI Calc
Hey BP community, I am currently looking at DSCR loans and my numbers never seem to add up to BPs, and I can never get a 1:1 it's always way less than 1. Here is an example of a property I picked out just for practice...
Kat Hussey
Is Redfin "last list price" the same as final sale price?
Hello!
I'm trying to run my own comps on a property I want to purchase from a family friend. However, I'm not a realtor, so I'm using Redfin/Zillow/etc. to pull these comps. It always says the number shown is the "la...
V.G Jason
8th-10th REI Property(Land in Texas)
Investment Info:
Bought some land in Fredericksburg Texas to create an STR for those avid hunters and wining trips. Been invited to plenty over the years, rarely and barely went. Understand the appeal, will market to...
Lauren Lockett
Market Research Homework Assignment for Short Term Rentals
Hey everyone! I'm working on filling out the Module 2 worksheet for Short Term Rental Bootcamp with BiggerPockets. It's all about doing market research. It asks questions that I don't know how to find the answer to (I...
Mike Gomez
Owner finance / commercial building Triplex.
Good evening guys, I'm in need of some help double checking my numbers..... and seeing if the investment is worth executing before its too late. Me and the owner have been negotiating and below are the terms. I also a...
Winston Hu
CA - restrictions by HOA in SFR community to rent?
Hi everyone! Newbie here trying to get started. I'm looking to submit a bit for a SFR in the Bay Area in a gated community with a HOA that I've heard have limits on rentals. Does anyone know if these rules still stand...
Kevin Kim
2022 Tax file question for Rental Property Depreciation
HelloI have 3 rental properties and want to double check for depreciation best practices.Rental 1 Net income : -13,500 (Due to a lot of repair/renovation)Rental 2 Net income : 6,000Rental 3: 3,000So i thought, I don't...