Josh Garner
12-unit Deal in Hixson, Tennessee
Investment Info:
Large multi-family (5+ units) buy & hold investment in Hixson.
Purchase price: $770,000
Cash invested: $160,000
12 total units (4+8 in 2 separate buildings). Commercial loan thro...
John C
Quick Question
Need some help analyzing a financial statement for an apartment complex. Just wondering if capital improvements should be part of the expenses (i.e. should they be deducted from gross income to arrive at NOI). In this...
Jeff B.
Converting construction loan to conventional
I just got a call from my lender saying that I'm going to have to bring an additional $2k to the closing table when I refi out of my construction loan and into a conventional. He said it is because they will only len...
Aaron Barrett
Down payment
I am looking at purchasing a property that is a tri-plex to buy and hold. It is listed at $31k. I plan on offering $25k although it will take approx. $45k in improvements before it is move in ready. Will my 20% down p...
John Vietmeyer
Timing for Opportunity Zone Investment
I have a contract on a duplex and just realized it is in an opportunity zone. Wondering if the following is possible:
1) set-up a LLC and self certify as an opportunity zone 2) used hard $ fund to close on the prope...
Tom Cramblit
FHA 20% Equity Refinance
Looking for some clarity to refinancing to eliminate the PMI on my FHA loan. I've talked to bankers and they have told me that once I have 20% equity I can refinance and the PMI payment will be done. My main question ...
Shirley McLean
Cap Gains or Loss on TX Inheritance Property?
Crossposted in Texas forumHi,
I'm in Texas and my dad passed away nearly 2 years ago. I inherited his home which is paid for.
I've been living in it and have done heavy home renovations. I know
that if I put it u...
James Dugan
Fannie Mae / FHA 203k lenders for DFW?
Hey folks,Posting here because I couldn’t find a recent (past two year) answer about using Fannie Mae / FHA 203k etc loans for a house hack in DFW. Apologies if I missed prior posts asking the same thingI want to take...
Erik R.
Cash Out Refi Question - Michigan
Hello fellow BPers-I am pursuing a property in metro detroit, Michigan to potentially turn into a buy and hold SFH rental. I will likely be making a cash offer of $43K, estimate to put approx $20k of improvements into...
Muhammad Patel
Need Help with a Client!!!!
I have a client who wants to do additional construction on his property worth 2 million dollars. He already has a First Lien loan of 650k on the property. He is trying to build another house on the property. He has al...