Raj Patel
How did this loan get approved?
I know of someone who bought a retail property a few years ago. Retail in the sense that it’s your standard building with parking lot and retail tenants. The NOI at purchase was $90k. The bank gave him a 10 year loan ...
Nick M.
Which Financing Terms to Accept?
Hi All,Feedback requested.* Situation: I am in contract to purchase an apartment building. Purchase price $1.5M, $400K down, for a loan of $1.1M By making extra payments towards the principal and a large lump payme...
Evan Huiting
Positive COC and negative ROI?
I’ve just started to practice analyzing deals and I came across a deal that looks good in prospect. It’s a multi family that rents for 200+ each side that is selling for 190,000 which looks to be a good deal to me. It...
Michael Klinger
Long term metric/benchmark for buy and holds?
What are some favorite metrics/benchmarks in the long run -- long term buy and holds with fixed loans and no mid range thoughts of selling , re-financing etc.?For example... I have my 64 multi-fam units in Cincinnati...
Alex Huang
Newbie Questions - Rental Property
I'm looking to get involved with some Real Estate investing. I have some experienced friends who have offered to help me out, which makes me a little more comfortable with the magnitude of becoming a rental investor.I...
Chris Haas
Short Sale Information sharing from listing realtor
I found a property I am interested in and it's noted as a short sale. It is discounted quite a bit from surrounding properties. My question is, can I expect answers from the listing realtor to questions that will li...
Carrie Giordano
Yellow letter campaign for out of state investing -possible?
Hello, I live in Los Angeles but invest in my hometown in Ohio. Up until now I have bought all of my deals off of the MLS. I am looking for a way to be more proactive and find more and better deals. It seems like a ma...
Ryan Jones
Home Appraisal Clerical Error
Recently had a home appraisal come back low compared to contract price. Once I looked at the report I realized the listed contract price on the appraisal was incorrect. It was listed at 15k lower than what it actually...
Joey Fontenot III
Insurance for Landlords
I wanted to find out what the general consensus was for landlords in terms of their insurance. I was told for liability protection to obtain $300k in liability on an umbrella policy for all of one's rentals. ...
Greg Mayer
recommendations for yard maintenance
Hi BP community!Another newbie landlord question :)My wife and I are purchasing a duplex in Atlanta, GA. One side of the duplex has tenants that might stay after we close, the other side is vacant. We're moving into t...