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...
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...
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...
Henry Maldonado
Home Rehabs-What advice would you give someone on their 1st-Rehab
I want to begin rehabbing homes and then reselling in the Indianapolis area. I do HVAC/Plumbing - cabinet installs and flooring. I want to make some connections. I'd like to see what experts have learned along their ...
Sebastian Sovero
Non-Disclosure by Seller and by HOA during Escrow. Is my deposit at risk?
Hi, I'm in the process of purchasing a condo. My escrow and inspection period are over, closing in two weeks. Deal: Purchasing property for full asking, and also agreed to pay $13.5K due to association for concrete re...
Stephanie H.
Math on Buy & Hold (Rehab Costs)
Hello,
Quick question. When you are purchasing a buy and hold property do you include your rehab costs to determine your cap rate?
Example:
Purchase Price:$125k
Rehab Costs: $30k
Would it need to rent for more th...
Sturwold Abbey
New Inverstor Location Selection
Hi everyone! My name is Abbey, and I am newer to the BiggerPockets network. I have been listening to the podcast for a couple of months now, and am ready to get started more proactively in my real estate investment jo...
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,...