Michael Stole
How to justify the price on this deal?
The house is for sale at $790k. The lot is 50*90.
There is a lot (just a lot) cross the street, 70*95, for sale at $750k. Assume that this lot sells at its list price, $750k, and assume that the per sqft price of la...
Paul Quinones
How to justify a change in cap rate?
My investor bought a Mixed Use building in Chicago 2 years ago at a 6.7% Cap- Cap rates in area for strictly multi family are in the low 6'sWhat is the argument that the current Cap rate of 6.5-7.25% should be used on...
N/A N/A
Wiretaps: Justified or Illegal Action by President Bush
I think I may open a small can of worms here, but I'm curious what you all think of the wiretap controversy happening in Washington. Do you think that Bush is justified in his actions here, or if he's going overboard...
Aaron Tank
Justifying Low Cap Rates in Hot Areas of Florida
Hi BP community,I am looking to buy multi familys on the West Coast of Florida. I am having trouble because it seems unlikely I can find something meeting the standard BP numbers of 1% rent and 10-12% cap (Turner's r...
Brian H.
Could negative cash flow actually be justifiable some times?
I have an opportunity to grab another set of five rental properties. They are off-market. Seller financing is an option, but they want a 7 year term. They are offering that with a rate that is 1 point under the bank...
Elena C.
How to justify financially buying a Single Family Home?
Hi all,
My husband and I bought our first duplex a year ago. We currently rent one unit to tenant and live in the second one with a bunch of roommates. Rent is okay, it can cover a lot of our expenses. If we move out...
Ceril S.
Do you own a personal RV? Having problems justifying!
Hey BPers! I've been thinking a lot about hitting the road and traveling once we are empty nesters and I've been looking at RV's. The depreciation is horrifying! It's a house that I'll lose money on!!!Do any of you ...
Zoe Mercier
Cash Out Refi - justify getting a good deal for appraisal?
We bought a place for cash (got a great deal) and are trying to finance it to cash it out (we gave the approximate value that it should go for). It's our first time doing this. We do have a tenant. Process looks good ...
Jon S.
Formula? Is equity high enough to justify selling? Sell / Hold?
When comparing sell or hold options, what formulas are most helpful? What is the ratio that drives you to decide one way or the other? I have a bit of equity on a property with very low debt, and it looks like prices ...
Aron Persing
High cash flow no comps to justify value. Yucaipa CA
Looking for refinance options.
Last year I came across a unique property that I ended up purchasing. Its considered a triplex however there is 3 single family houses on the lot. In yucaipa California. My wife and ...