Michael Hoover
My first 18 loans on 5-year balloon. Is this bad and how should I pivot?
I have been working full-time RE, BRRRR method on single-family homes in my local area for the past 4 years. 22 homes completed- (2 sold) 20 long term rented. My interest for this Post is my lending method thus fa...
Miguel Del Mazo
MTR property management
My wife and I have been blessed to have 4 units that we own which we MTR and another unit that we arbitrage as an MTR. We got started during COVID. That has given us some insight into our local market (a small city of...
Brandon Gamblin
ARV for duplexes, quadplexes and multi unit apartments???
I've never done rentals before. I know how to find the ARV of a single family home, but how do you find the ARV of a multi unit (duplex, quadplex) and multi unit apartments? Isn't it based on the income the rental has...
Arad Goller
Porperty taxes in the usa
How can I calculate property taxes? there is a formula that I can use?
Mike Wallace
what would you pay for this building? 6 unit
Building is in a C area. I own other multi family and SFH in the area so there will be no surprises with the lower income tenants, I am used to it.
6 units at $485 per unit. $34920 yearly gross revenue
...
Zach Falbo
Pensacola Florida Lenders
I am looking for a good lender in Pensacola Fl on investment properties.
I would like:
-15% down
I am already in contract with a close date of Jan 12th and currently do not like the rates of any local lenders or bank...
Eseta Matasau
Earnest money/Closing cost questions
1)How much is generally required for earnest money? Is there a state standard percentage of how much money is needed for EMD? (I live in CA, btw.) or is it just negotiable?2) Can you use a credit card to pay for the e...
Michael Smith
What does YOUR market look like?
Hey BP, here are my two question to those of you who are finding great deals by marketing to motivated sellers...
1) Based on standard sales you could find on the MLS, what would monthly rent be as a percentage of ma...
Kody Broussard
Average Cap Rate For Southern Alabama
Hello BP Community,Does anyone know what the average cap rate for multifamily deals are in Southern Alabama?I am trying to get a base line for my deal analysis and I want to be sure that I am competitive. Also what RO...
Samuel Botts
Is there a rule of thumb for estimating cabinet replacements?
I put an offer on an SFH for a BRRRR property and it needs some cosmetic work to say the least. Assuming our offer is accepted we're going to have a GC give us an estimate but I was curious if anyone had a typical num...