Bridget C Creighton
Use the equity or put 20% down
I'm just getting started and trying to determine the smartest way to scale up quickly. I have a offer submitted on my first rental property, which is a duplex. I'm planning to pay cash, turn around and finance it, a...
Ari Newman
does holding time transfer during 1031 Exchange?
I'm trying to determine how holding time can affect tax implications in the following scenario.I purchased a piece of land 10 years ago for $20K and held it for investment purposes. The land is now worth $100K.I find...
Rick Santasiere
Assisting a client with their needs - Small personal opportunity
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $190,000
Cash invested: $190,000
I managed this single-family home for one of my clients for a few years. However, ...
Adam Kuhn
Need help determining price
I am looking at a side by side duplex in a great neighborhood. There are not many comps that I have been able to find as it is mainly a single family community. I am having trouble determining what to offer/what p...
Bradley Jernigan
How I financed my multi-family properties
Financing a multi-family property typically involves several steps:
1. Down payment: Ensure you have 20-30% of the purchase price for a down payment. Most conventional loans will require you to bring around 25% of th...
Ravi Sesh
Need advice: Rent cash flow versus purchase price of Condo
Hi I am looking to invest in a new build condo in Phoenix, AZ. The community has 4 different types of models 2B/2B, 2B+Den/2.5B, 3B/3B and 3B+Den/3.5B. How do I determine what is a profitable purchasing price based on...
Shane Schrader
How to find a cap rate to find market value
Hello,I am trying to place value on a mobile home park. It has 4 single wides and 4 RV trailer spots. Single wides are owned by the park. It's noi is around 4200 a month. I am looking for any ideas on how to find cap ...
John S.
How to determine depreciation for new construction rental home?
Hi BPers, I need help to determine the improvement portion for depreciation on my new construction home. It was placed for rent on 6/19, and occupied 8/19. The Property Record Card is not accurate. It only shows t...
Robert P.
Home Insurance - Raise Rent?
I'm in the process of purchasing my first 3-unit property and after doing some calling around, I have come to find out that my home insurance is going to be anywhere from $500-$1,000 more a year that I was anticipatin...
Bob Hance
Michigan Millage Rates
So I am updating all my information on REI from over 20 years ago since I last invested. Yikes 20 years!!!Here is a link to the Michigan Millage rates in case anyone is interested.https://www.michigan.gov/treasury/0,...