Tony T.
Formula Needed for Fan/Freddie where Rentals are Only Income
Question: What are the exact calculations a bank makes for a traditional mortgage (Fannie/Freddie) for a refi of my non-occupied duplex if my only income is a 12-unit rental property (plus the duplex)?
The bank told ...
Seth Otto V
ARV for the biggest house in the area
I am currently looking at a 3,100 sq ft house with a 550 sq ft detached garage. I would like to do a live in flip or possibly a BRRR. The problem is, I have no idea how to get a semi-accurate ARV. It's in a sub-urban ...
Michael Archard
Multifamily Appraisals: Single vs Multiple Structures
Hi BP,I’ve been looking around for a 4 family property to FHA owner-occupy in the greater Boston, MA area. I have seen mostly 4-unit properties but occasionally come across a single property with multiple structures (...
Justin Kushner
Cash on Cash Return Question...
Hello, community!I have a question regarding Cash Flow, CoC return or (NOI / Cash Invested).I've noticed one particular Turnkey Company out there are advertising a $300 cash flow per month for one property, after all ...
Kelsen J.
Deal Analysis in Eckington NE DC
Hi BP,A motivated seller called me because he received one of my marketing letters in the mail. He has a 3bd/1.5 bath single family house in Eckington NE Washington, DC. I went to take a look at the property. Here is ...
Tyler Meade
Comping a property being rehabbed?
I have an appointment coming up with an investor who is tired of fixing up a property that was bought as a flip. Him and his son got this property together for the son to get his feet wet in real estate. They’ve owned...
Mark Harrison
1031 exchange question
I am new to 1031 exchanges. Are the proceeds that are required to be held in a trust after the property is sold equal the sale price less the existing mortgage balance? Or is only capital gain required to be held i...
Shawn Burton
First Tim STR investor
What do you look for in a property/city to determine if the STR will cash flow?
Abdul Azeez
Rent vs Sell Decision
Folks - I currently own a townhome in NJ and I want to move to a larger single family home. I purchased it for $333k in 2007. I would say it can sell for $310k now. I have a mortgage loan balance of $212k financed at ...
Mineto Anfield
Calculating Cashflow
I have the opportunity to purchase 3 Condos as a package deal. It consists of 1 unit that is a 2Bdr/2Bth and 2 Units that are 1Bdr/1Bth. What is the most effective way to calculate the cashflow when purchased all tog...