Mike M.
Utility usage confirmation in Texas?
I am looking at two rental properties for purchase. I called the electricity supplier for one and was told that usage information is not available unless my name is on the account, with the reason being that it's a T...
Greg L.
Cap rate compression
I invest in an area where it seems that cap rates are compressing. There are many commercial properties selling for cap rates around 5-6% which will simply not cash flow with debt. Typically, banks appraise these at...
Ethan Bruland
Creative thinking
I'm looking at a 6plex for sale in my area. Asking price is 334k, and I offered 299 with a counter at 325. I then offered 310k with owner financing of the down payment. DP will be 62k. I think it's under rented s...
Jordan Hanksion
A quick list of questions to ask the banks
Hey guys!I had a quick question for you about shopping around for a bank. What is a quick list of questions you can ask a to make a determination if that bank is for you? I have made a short list of qualifiers for mys...
Robert Carpenter
Realtors/Banks vs FSBO/Creative Financing
Does anyone happen to know the percentages on traditional vs 'creative' real estate sales and traditional ( bank ) vs creative ( options, lease options, seller financing ) real estate financing? I'm curious ab...
Tony Hoffer
Legally a DUPLEX, actually a TRIPLEX
Hi BP folks..I've been noticing in Cleveland quite a few Triplexes for sale but are on public record as being a *Duplex*. It seems the city has looked the other way on many of these for years.My questions are:- Has a...
Will Fraser
Flip now has a title issue: what would you do?
Hey BP fam!I've been slogging through what WAS my first flip for nearly a year now (same old story here -- hired the wrong person, made other bad decisions, blah blah) and we've finally righted the ship by getting a s...
Micah Le'Gare
Small apartments NYC
Hey BP Community,Please excuse my naivete, but I have a question that could use some illumination; I live in west Harlem and have plans of investing in multi-family/ small apartments in the area. Yesterday I decided t...
Charles Loughin
Low income investing... not section 8
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $49,500
Cash invested: $63,000
Buying multi family buildings below market value for the highest ROI while st...
Oliver Marson
Harmonizing Financial Success: Navigating the Importance of Income Tax Returns
A Tribute to Julio Gonzalez @EngineeredTaxDear BiggerPockets Community,
As we traverse the intricate landscape of real estate investment, it is imperative to delve into the profound significance of proof of income, s...