Johnny Constantino
How much money should I have after down payment?
Hello all,
I am looking to purchase a multi-family apartment building, and I am wondering how much cash I should have put aside for closing costs, and any other issues that may pop up. I want to ensure I will have en...
Munir Hassan
What are good Estimates For OPEX in Boston areas
Hi All,I am new to BP and just getting into real estate investing. I live in the Boston area and have been looking to purchase a 2-3 family. The goal is to house hack for a year, save up additional capital and either ...
Hai G.
HELOC for Rental Properties in the Bay Area
Hi BP,
I have some equity in a rental property in the Bay Area that I'm looking to make use of. All the lenders (mostly banks) I've contacted do not offer HELOC for rental properties. Has anyone found success with cr...
Rick Bradd
IRS Lifestyle Audits
Just had an interesting conversation with my CPA, he says he has never had as many audits ordered this month, and he has been doing taxes for over 20 years. Basically, the IRS is interested in how filers with low earn...
Haney Mallemat
Estimating expenses on 10+ unit buildings
Hi BP,When you are determining a potential investment property where there are more than 10 units, what % do you use for monthly expenses such as: 1. CapEx2. Maintenance3. Property managementI know these are variable ...
Thomas W.
Why do you exclude the mortgage payment from the cap rate?
It seems like you would want all expenses included right? As I understand it the cap rate is telling you what percentage of the total price you'll make back in a year?So why would you exclude the mortgage payment beca...
Jon Collins
How to Buy a Multi-Family
Hi, I want to start investing in Multi-families such as two and four families to start. Is there a formula to base my offer on so I know not to pay too much? I just looking a a general idea if I know the rents and a...
Jordan Fujan
Cap Ex....an investment killer?
I'm working on my investment spreadsheet and have been doing some reading on the topic of Cap Ex. Some people use a number like 10% of the income, but many suggest itemizing your expenses over their lifespan is the mo...
Matthew Irish-Jones
My Top Five Reasons New Investors Lose Money
As an investor, property manager, and Realtor focused on selling investment properties I have seen most new investors make the same mistakes. Many times they come to us for help on the property management side and we...
Eric Smith
SELLING TO TENANTS
Hi everybody! I have some tenants that want to buy the house they are renting. I bought the house with a line of credit and recently financed the house for the full amount of $37000 after making repairs at 5.5% making...