Michael Hunt
Impact of purchasing investment property before first home
Hello,My partner and I want to get started on rental properties (~$200k, out of state, multi-family), but are also looking to buy our home in the next year or so ($800k+) in SoCal.What kind of impact will having a ren...
Kim Hopkins
Best KPIs to Identify Financially Underperforming Properties in Portfolio
Hello! So I finally finished our property wide portfolio analysis. Here's an example of the 2022 KPIs I'm measuring for a few of the properties in the portfolio. A couple important notes on calculations and definition...
Jerry Poon
Mortgage from Private Lender or Regular Bank?
I am seeking a loan, and I have a few options between a private lender and a regular bank. The terms are similar. What are the pros and cons of each?Will the private loan show up on my credit?And lastly, what are the ...
David de Luna
4-plex deal - razor thin or good enuf?
I have an opportunity on a 4-plex. Actual current NOI (once the current vacant apt is rented) is 46,117. Debt service looks like it will be about $43,800. CAP rate is 6.6%. DSCR is 1.05. Seems pretty razor thin, but a...
Benjamin Sampson
Managing Debt while building wealth
I have been listening to bigger pockets podcast for about a year. I hear lots of great stories about how the BRRRR has helped build wealth and I understand it in theory. By doing the BRRRR strategy you are creating pa...
Vanessa Hornung
Do I pass up the first qualifying tenant?
Hi! My husband and I just posted our house for rent three evenings ago. We will be first-time landlords, so naturally, we're already feeling like we're in over our heads. I created my online listing, and with the fact...
Matt Clark
How much will the bank lend me?
hello, I will be closing escrow on a piece of land that I own soon. Im looking to reinvest the 275k into a rental home. I'm self employed and married. Last year we reported about 50k in income, almost all my wife....
Bryce Nurding
Portfolio Growth Questions.
I have recently formed an LLC for my rental properties. The ones funded by major banks will be kept in my name, at least for now, as it is difficult and sometimes not allowed to transfer them to an LLC.
I have a sell...
Carlos Taborda
Owner financing purchase
Folks;I have a potential great opportunity. I have a very close family member who developed a 6 unit condominium. The idea is that he'd let me purchase the property interest free without any gotchas (He's my father in...
Stephanie Szeto
Buying with Cash vs Loan
Hi there - I'm Stephanie, a relatively new BP member! After doing a lot of research, I'm at the point where I'm looking to start buying my first property. As I've started to think about how to finance this property, I...