Payton L.
Help Me Analyze This Deal (First Multifamily Purchase)
Hello BP! I am hoping you can help me analyze this deal. On paper my numbers are okay-good. It's my first multifamily purchase, and I am in the process of working up an offer on four duplexes. Here are the details: Cu...
Max Miller
Letter of Intent vs Purchase Agreement
When making an offer through a real estate agent, do you use a simple 'letter of intent' or a full 'purchase agreement'? If financing, do you include an interest rate contingency? ie, "contingent upon an interest rate...
Andrea Evans
I’m I Mistaken or Just Foolish?
I don’t own my primary home outright. However, the purchase of the property did included three separate parcels on one deed. My question is, can I use one of the separate parcels as collateral for a construction loan ...
Jessica Force
How much do you pay for closing costs?
Looking to make my first home purchase. The plan is to house hack a multi family in Texas. We have $36K to start investing with. I'd like to get into our multifamily primary for maximum $10K including closing costs an...
Jase Hackman
Should my wife be a co borrower if she does not have income
Hello,The question: Are there any reasons I should include my wife as a co-borrower if I can qualify on my own and she has no income? Context:My wife and I are looking to get pre-approved for a mortgage as part of our...
Brandon Sturgill
Security for Secondary Lender on Purchase Money Mortgage
I would like to secure small scale loans for acquiring properties through a purchase money mortgage, but don't have the understanding on how to provide security to an investor...For example:Duplex purchased: $100,000I...
Jeffrey Townsend
financing after all cash purchase
I just purchased a home at courthouse auction all cash, part of the money was gifted. What financing options do I have to get the money back out? A lender I spoke with said the bank will want to know where the money ...
Prince Martinez
Deal Analysis advice on possible hidden gem
Hello, I am a new and learning real estate investor to be. I have been doing deal analysis for awhile now but this one property suddenly caught my attention. I found out that the current landlord is under renting the ...
Zak Cooper
Creating the ultimate Seller / Owner Financing Checklist
Hey BP peeps,
Newbie here, in discussions for my first Seller Financing deal!
Apologies in advance if there is a forum post similar to this, but I couldn't find one with a checklist-style format. As such, I am aski...
David Olson
Help with the BRRRR Calculator
All of a sudden I cannot figure out simple math to save my life. I am trying to place the numbers below into the BRRRR Calculator but it is spitting out some weird numbers and I'm not even sure where to start. Before ...