Josh Cook
Help! Mortgage Rates for first duplex in MN
Hi Bigger Pockets Community,
I am currently under contract to purchase my first duplex in Minneapolis, MN. I have a credit score of 795 (it was 800 but dropped after the credit inquiry) and a Fico score of 797 as of ...
Steven Barr
Purchased unauthorized subdivide flip
I purchase a property in Atlanta with hard money. Call it “123 Main Street”. I pulled permits through the city of Hapeville and did a full gut renovation. I am now being told by the city that they will not turn on wat...
Josh Edelman
Rentals to Military on TDY
Many military members come to Vegas for several weeks to months at a time for exercises and events. What does this mean? They need a place to stay, if not on base, and that my friends, is paid for by the military.What...
Daniel Adler
New Water/Sewer line in Chicago cost $20k+?
I have a coach house that I will begin a rehab of in April, and have been soliciting estimates from GCs to complete all of the work. The existing water and sewer are tied to the main house, which already has low water...
Bryce Bowers
Lending on apartment buildings
What are the numbers banks run through to determine if a deal is good to lend on? I’m looking to buy apartment buildings.
Alesha Irvin
Rates vs home price
Hey hey!! I’m still a newbie but I can’t help but to see what’s happening in the market over the past couple years. So question for the pros… which is worse? Low rates and inflated home prices or average prices and hi...
Josh Lonnquist
Setting Up Selling Financing - How do you "Do it yourself?"
Hello BiggerPockets people. I am new to the real estate investment world and BiggerPockets, and I'm looking for some education. I have purchased my first two investment properties in Indianapolis, two duplexes, work...
Mariama R.
Determining Cap Exp for a 24 year old House in Kansas City, MO
What is the typical Cap Ex on a 24 year old duplex house, in Kansas City, MO which is between 1000 sq ft and 2000 sq ft, wherein one AC electric unit is new, the other one is 8 years old, where the heating systems in ...
La'Terrius Campbell
Cap Rate from Pro Forma
How do you get a cap rate from a pro forma, I hear a lot of investors telling me that, since the property is vacant and has no income at the moment.Purchase Price: $140kRenovations: $220kNumber of Units: 7Each Unit Co...
Steve Kirsch
What makes a deal attractive to Hard Money Private Money Lenders
Hello All,Can I have some pointers on what thresholds are typically required for ROI that HML/PML strive to achieve when reviewing and approving the lending for a deal? For me, I'm looking at cash flow and long term a...