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I recently contacted a bank about getting pre-approved for a loan on a 2-4 family property, and these are the rates I was quoted:- Fixed would require 25% down; ARM would require 20% down- 30yr fixed is currently at 4...
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Hello, I'm an investor looking to buy in the Cleveland Ohio area. And I was wondering what the residential housing vacancy rates are?
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Hi perspective REI here. What methods do you more experienced people use to come up with your vacancy rate projections as these can vary by markets. Are there times where you were just dead wrong and it made a “good d...
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What are you paying to have work completed by contractors?Are you getting bids? Time and materials? Time and you pay for materials?Would love to hear what others are doing. We are currently entertaining the idea of pa...
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Hello, my name is Jerry Santiago and I am active duty Air Force. I am a real estate investor in Rapid City, South Dakota. I am in the process of house hacking a new property (single family home) that it’s currently in...
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I have my eye on at a 6 unit property in my smaller town of 30k people. How do I estabish a good CAP rate for an area when no similar properties have sold recently? Should I just make the numbers fit what works for me?
San Diego has pretty low cap rates in 4-5% range.Where can I find higher rates around 7-10?
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I was hoping you guys could help me. This is the cap rate formula I used before I found BP - I thought I would post it now that I have people that can steer me in a better direction if need be. We don't include p...
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When marketing to pre-foreclosures what techniques are giving you your greatest conversion rates?Door knocking?Calling?Creative door hangers?Creative door stickers?What is getting you in front of owners?
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I am looking at buying a duplex that is already rented but needs some cosmetic upgrades (exterior paint, gutters, lawn care). My question is that once I make the upgrades and the rentals are worth more per month, how ...