Understanding a Mortgage Appraisal - Part 1

The first thing to understand is appraisals are not all the same or equal. In fact, each appraisal is unique to the needs of the specific client.
Mortgage Appraisals are...

I'm getting prequalified for a loan at a large national bank.  He requested for my pay stub, last 2 years tax returns, any applicable w2 and k1, and 2 months bank statement for source of down payment.  This all seems ...

Hi All,I recently purchased my first investment property and am going through the closing process. The property is a 2/1 that I am considering converting to a 2/2 or 3/2. It is a townhouse and the adjacent property (t...

I finding that many homes and reasonable deals go fast in the area.  I am a beginner NJ- based OOS looking to enter the Jacksonville market  and I am looking for a responsive broker in Jacksonville. I am familair with...

In my area, you rarely find sold comps that are similar to your subject property.  Either they're very different in sq ft, style, too far away, etc.  As a result, you almost ALWAYS need to adjust the comps in one fash...

What do you all think of the formula provided by Rich Dad for analyzing and valuing Residential Multi-Unit investment properties?Yearly Gross Rent x 7 (+ / - 10%) = Max Allowable OfferThe premise is that these propert...

Hi. I know someone who purchased a house and the property tax went up $500 a month over 3 years. Looking into this, I saw that they bought the house at $150k and the previous sale history was $99k. Over 3 years the lo...

I was just doing some due dilligence on a proprety and I spoke to my Insurance Company (USAA), and had a mild heart attack when they told me how much it would be to insure.  1st I ran it online and it came to be ~$6k/...

I have a single family rental right now.Vacancy adjusted, I bring in $21,000 a year in rent.My annual expenses are:Property tax: $3200Insurance $900Washing machine $500Plumbing repair $250Irrigation turn on and turn o...

.....so how much or what % of your gross rent roll should be put away for capital expenditures such as a new roof, driveway, leaks or whatever large repairs that need to be made to your multifamily investment properti...