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Will banks refinance/finance on a home only worth 25k? I am thinking of buying a property cash that currently has a tennant. Holding it for 6 months then financing with a bank to get my money back out of it. Not sure ...
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Hi, Fellow investorsI am relatively new to commercial REs and currently looking at motel/hotels. One thing I noticed is that compared to multi families or residential SFHs, the cash on cash return for motels/hotels ar...
Hello Bigger Pockets community. I am under contract for my first property, however I have yet to finalize a loan. The recent changes that have been implied on banks have made me a bit hesitant and I am not sure what w...
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Hi y’all!! Newbie investor here 😬 I want to make sure I’m running my numbers correctly. Hypothetical case:Listing Price: $74,900Down Payment: 25%= $18,975Rent: $1400/monthMonthly Expenses: $700/monthSo my ROI is:cash ...
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Hello all,Does anyone have a reliable insurance agent I can reach out to for a quote? I'm interested in purchasing a multifamily property in the SW Florida area, specifically Sarasota/Bradenton. My wife called a few c...
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What are some easy ways or rule of thumbs to estimate costs when you analyze a buy and hold property? It could be a website, or a percentage of the property or rent price, or a fixed price, etc.Please use the followin...
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Using Hard Money... When can I refinance?For example:I buy a home for 100,000 cash using hard money. I do a light rehab using my own money. I find a tenant and have the home reappraised. How long can I expect to be pa...
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Can someone please explain exacltey how do CAP rates work, does it go off the sales price or the money you put into it. lets say an apartment building for $500,000 with a 10% cap rate. Does that mean $50,000 a year in...
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How accurate is an airDND report? I have an Airbnb report run on a property that I was considering fir a short term rental. Once I backed out mortgage, taxes, insurance, lawn care Internet, etc it didn’t really show...
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I'm looking to meet contractors in the Minneapolis area who do work as far out as Elko New Market. I'm looking for systems and education on estimating repair costs so that I can put together accurate budgets, timeline...