Jose Sanchez
Online vs local lenders
Hi Everyone,I'm currently in the process of getting financing for my first property. I'm not really looking for anything out of the ordinary, I've got a 790s credit score and will be able to put 25% down. I've looked ...
TJ Borromeo
"Boots on Ground" in Detroit
I transplanted to Detroit from California. I continue to work in the tech industry while divesting more and more into the Detroit market. Closing on my first deal, with two to three more to follow by the end of this...
Account Closed
Newbie from Cibolo Getting Ready to Start
We are looking to refi our current house (pull some equity out) and use that to buy another home. We will live in the new home and rent out the one we refinanced. The numbers look like we'd be able to cash flow the re...
Jose Ortega
Online Tools for Cape Rate
Good morning BP,What reliable online tools are you using to determine the CAP RATE for an specific area without have to ask a BROKER or an AGENT. Reason why I'm asking is because I have called many different brokers a...
Jewel Welch
New investor for Multi family in north metro Atlanta
Hello BP,New investor here looking to buy a duplex/triplex in the metro Atlanta area (preferably North). I'd like to live in and and rent out the other(s). Looking to see if anyone had recommendations on a real estate...
Michael Dunn
Mortgage Payment "FORMULA" ?
What is the Formula to figure out what your monthly Mortgage payment ( including Interest,Taxes,Insurance ) will be ( assuming a 3.5% Interest Rate and a Good Credit Score of 700 to 750 )? I narrowed it down to multip...
Account Closed
Counting principal as a rental expense to estimate cash flow
Hi, I'm really interested in learning to analyze deals/properties for future investments. I've noticed in pretty much every analysis in videos and blogs, the person will deduct the entire mortgage payment (interest + ...
Account Closed
Fix and Flip Formula
Hey BP new investor here and I would like to know what formula your using for your fix and flip properties. Please break it down into details so I can have a good understanding on how it works. Thanks in advance
Brent Murphy
How is everyone out there estimating CapEx?
Hello all,I've been analyzing several deals for small multi family homes and I took a suggestion from a blog post I found for estimating CapEx. The blog suggested putting aside $200 for capital expenditures, which I'v...
Hunter Harms
Figuring out carrying costs on a flip?
When I am doing the numbers for a potential deal, how do I go about finding all of the necessary carrying costs to plug into the flipping calculator? I know that property tax is easily found, but how do I go about fin...