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from what I understand in a double closing there are 2 sets of closing costs. while the transactional funding I am using will cover the first set of closing costs I don't think it will cover the second set of closing ...
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Hello everyone. This is my first post on biggerpockets as I am new to real estate investing. I am currently analyzing a 20 unit (12 two bedrooms and 8 one bedrooms) all brick apartment complex listed at $850,000. Af...
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I'm going to start by apologizing if I have posted my question in the wrong spot. I have entered into a partnership with a local investor in my hometown. He advises me against financing deals that can't be paid off wi...
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Start analyzing the deals of multi-family,for the 50% expense rule,I really think it might not so conservative as a lot guys think about.Some of the deals I am going through it might close to 60%,does 50% really conse...
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We have purchased a few multi-unit properties in the Lehigh Valley, and we are using the criteria that if it cash flows after accounting for all expenses, including PM, cap ex, repairs and vacancy, then scoop it up as...
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Happy Plague everyone!
I am currently in the process of building a single family home in the Monon 16 development area with 3 units (main, basement, and carriage). While all 3 have their own dedicated entrance/kitche...
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We own and manage 5 short term rentals, but are thinking about diversifying into multi-family. My question is, when you make that move, who manages the property? Is there a third party company who can provide maintena...
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I am pursuing a HELOC of $65,000 on my owner-occupied duplex and was wondering how this will affect my DTI ratio when applying for future mortgages.For normal consumer credit cards, the lender adds up the minimum paym...
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Property details: Duplex on corner lot with nice views. Each unit is 2 bed,1 bath. They are both identical layouts . It is on a block with with about 7 other identical buildings. This one is one of the crappiest shap...