Kevin Sobilo
BRRRR Calculator: Gross Rent Multiplier Question
I've been looking at the Bigger Pockets BRRRR calculator and I think the "gross rent multiplier" is being calculated incorrectly. The formula it appears to be using is:Purchase Price / (Gross Monthly Income *12)That w...
Alex Houser
Foolish to buy office building?
2 partners and I are looking to purchase a small, 13-unit office building in a bustling local town in northern NJ.My question is simple - Am I foolish for buying office space right now?The Deal:$1.8M for the property,...
Kirt Sangha
what do you think of this Duplex deal?
Hey Guys, I found a duplex for sale that I'm thinking of buying. It has structural damage, I'm waiting for the report from the agent. Asking Price:500K and trying to get it for $475K Annual Rent: $32,160, I don't have...
Ron B.
I need help figuring out if numbers make sense Multiunit purchase
I'm looking into buying a multi unit building. I have a couple lined up and wanted to know with zero down and a 30 year loan or any other ways to finance it with zero down are possible and still have a $75+ income eac...
Joe Prillaman
Airbnb Vacation Rental Refinance
Question for all you vacation rental people! I purchased a duplex that I am currently running as an Airbnb. I would like to find a way to scale this because the cashflow is very significant compared to long term tenan...
Bab Adetiba
RV park deal evaluation
Hey, I have an agent helping me acquire a 38 space RV park with a 3/2/2 home in East Texas and I am doing so pre eval before walking the property. Asking $659,000, cap 13.5%. Private financing available: 50% down, 8.5...
Negar P.
Does the income 3 times rent requirement apply in all markets?
Hi all, My rental property is located in Orange County, CA. It is a 2 bed 2.5 bath that would go for $3100 per month in this market. This is the first time I am trying to rent it out though and I am finding it hard to...
Ryan V.
Bank lending and debt/income ratios
I am looking to get pre approved to purchase more investment property. I would prefer going through a national bank because they offer amortizations up to 30 years, but I am not against going through local banks becau...
Matthew Stover
First commercial deal??
I need your advice on a possibility.
A guy here in town wants to sell his building that has a bar in it. It only has space for one business.
The bar is pretty well known and pretty much the 2nd best bar in town. ...
Keith Schellhardt
What should I offer?
Have a property that I am currently interested in but really am not educated in understanding investment properties. Here's the deal:
7 unit building - 3 commercial and 4 apartments
1 commercial unit is occupied and ...