Hey all!I'm Jake. And I have little-to-no experience in real estate. I worked for a property manager in high school doing repair jobs and general upkeep, nothing glamorous. Then I attended Hillsdale College '13 (BA Ec...
Hey all,Wanted to share my story of my 3rd deal. At the close of the refi it was at 23.5% cash on cash and a 9.4% cap rate in a market where comparable multifam is trading closer to ~5.3%.I'd done two others (maybe fo...
I was investigating certain hard money lenders and was seeing 15-18% with a maximum term of 5 months...that seemed outrageous to me so I wanted to check in and see what would be considered a "good" rate.We can use an ...
In another thread, @Chris Seveny and @Tracy Z. Rewey mentioned that investing for passive income in notes (performing notes/monthly cash flow) isn't great from a tax perspective, and you should use that in a tax defer...
Am I correct to understand that a bank or credit union will not negotiate their current set mortgage rates for a small time rental property purchaser? I do believe some banks may have slightly different rates. Do ba...
Hi All, Jason, from Marquette, Michigan. I'm 37 years old and the director of the Marquette Chamber of Commerce. A little over a year ago, after my father passed, I came to be an owner of a 5 unit apartment building. ...
I have a rental in rochester NY I want to cashout refi, I owned it since may 06. I have a 610 credit score, want to pull out max sum I bought it for 25k I think it should apraise for 35k.
Hello everyone I am just starting in real estate and my main focus will be on house hacking. I have a general plan I would love to share with someone who has been down the path i plan on taking and also get a overview...
First and foremost: LOVE THE BP FAMILY AND PROGRAM! Just needed to say that… quick success story that might help to inspire another:About 18 months ago I purchased a lake front lot outside Dallas TX. It was out in th...
Hi there,
I have a question about valuing my property that consists of 2.6 acres across two lots 9 units total. One 4 plex, one 2-Plex, one 2000 sq/ft garage, and two STR (One tiny home and one Yurt). How would I go...