James Mackenzie
Commercial loan costs after not closing
This is my first time dealing with a commercial loan for a property that I was going to buy. Due to the appraisal and other factors, I had to terminate the deal.However, after a week, the bank that I was using is send...
Amanda D Phillips
Favorite Hard Money Lenders & Why? Go!
Who are your favorite hard money lenders, and why?
Love to hear all your thoughts!
Jorge Abreu
✏️Evaluating Deals: The Significance of Evaluation Templates and Loan Types
In my journey as a real estate investor, I quickly learned the importance of evaluating properties and utilizing underwriting templates. It was during our first deal that I realized a term sheet is not set in stone. W...
Josh Chappell
Current Oklahoma City Cap Rates
I'm currently looking at a few older multi-family properties in the Oklahoma City area. What are the current CAP Rates in the area for older multi families and how would I find this out if not for this post? I am curr...
Paul Klei
Where do I get/how do I create a term sheet?
Situation: The first floor of the property is occupied by a business owned by the seller. They want to remain as tenants. They "do not need to sell", so I suggested a master lease with an option. Rather than an option...
Sanjay Aiyar
STR in Albion / Mendocino
Hi, looking at cliffside houses just south of Mendocino CA and trying to do research on restrictions on STRs. I see the county has zone 2 and 3 regulations which I believe would cover the areas I’m looking at. Anyon...
Nicholas Lohr
Does the Book Value change after a Refi? Or just Market Value?
Say you buy a property for 200,000 and then you fix it up and REFI it at a valuation of 350,000, pay off the old loan with the new loan capital and and have a new loan etc... the BRRRR method.Did the "book value" ju...
Gevin Glines
Getting financing for more then 2 houses
Hello!
So with the saying "great deals will make money come to you" how exactly do you go about getting the funding approved through a conventional loan if there are no gifts or erratic funds dropped into your accou...
Ricardo Llanos
Advice needed for Purchasing Bedding and Linens; STR
Hi BP fam,I'm finally close to listing my property for short-term rental purposes. My property is located in the Mount Pocono area of Pennsylvania. I'm curious to know if there's a go to website or ecommerce shop tha...
Christian Beebe
Explain "Repair Allowance" in regards to closing and buying
Always working to learn here and currently learning about all the ways to finance a down payment and one of the lists we had read mentioned using a repair allowance. You inspect the property and determine what need t...