Kikko Maeyama
Why isn't down payment included in a total cost of project?
A book about rental property investing I am reading says that a total cost of project = purchase price + closing costs + pre-rent holding costs + repair costs. Why isn't a down payment included here?The scenario prese...
Shea Spinelli
Lease with utility option
We have a 15-unit complex and all but one is M-M. We are in the process of separating meters, but have a tenant that wants to extend his lease so he can present it to receive his driver's license. Can we start the lea...
Timothy Gaus
Seeking Project Manager in Milwaukee
Hi Bigger Pockets!!
Purchasing property within the next few weeks in Milwaukee.
I cannot be present to oversee improvements to the property.
I am seeking a project manager for ~$30k renovation for a duplex includi...
Will B.
Structuring a deal
Need help structuring a deal. Does this sound like it will garner any interest when I pitch it or do I need to revise. They provide loan down payment + c.c.I pay the monthly interest when due + manage day to day of r...
Trushit Vaishnav
What does this clause mean to you?
I am currently in process of buying my first home. House was listed at $329500. I included escalatory clause in my offer and got the offer at $336000. Seller asked me cover the appraisal gap, if any. I offered to cov...
Account Closed
House Hack - Rental Property Calculator
Hi BP Community, I'm looking to invest in a multifamily property for a house hack and running numbers in the BP Rental Property Calculator. Without getting into all of the numbers for this particular fourplex, does it...
Syed Khan
Putting together a portfolio prior to meeting with the bank
Hi Everyone,I have a meeting coming up with the VP of a commercial loan bank. I have successfully fixed and flipped one property so far. I would like to get some ideas on what I should include in my portfolio prior to...
Ryan Alexander
Jersey City (The Heights): In contract but having second thoughts
Three-family property located in The Heights section of Jersey City, NJ. The first floor has two bedrooms, one bathroom and includes the rear yard. Second and third floors have three bedrooms, one bathroom and each ha...
Account Closed
CAP Rates & Replacement Reserves
I was wondering if anyone factors Replacement Reserves (i.e. potential future CAPEX repairs) into their CAP Rates when doing a property analysis? As many of you know a CAP rate is Net Operating income (NOI) / Purchas...
Kim Parker
MTR Lease agreements
Hi there, my first MTR is set to be occupied next week. I have a lease I use for LTR but getting one ready for my MTR and wondering what others do differently. Different rules? Thanks!Heres my Furnished Finder listing...