John Gusto
Calculating Cash on Cash Renturn for Wholesale Deals?
Hello everyone my name is John and I’d like to get into wholesaling. I’ve been doing a lot of research and spoke to a couple of buy and hold investors in my area. One of them mentioned that he typically looks for a 15...
Tommy Sailors
Rent to own contract
I own the property free and clear. I rent the property now, but want to sell it . The current renter wants it but has bad credit. Is this a good idea? Should I finance to them?
Mike DeLeo
Analyzing Multifamily properties - Living in one, rent out the others
Morning BP Community,I am on the hunt for my first multifamily property deal, I want to get an FHA to finance the property, live in one unit and rent out the other(s). As I am analyzing figures for all different prope...
Mike Hanneman
Multifam cash flow
I know this is subjective to a multitude of different things, but is there a number that you experienced investors look for monthly cash flow? 4unit -$300, 8 unit- $500, etc...I have a couple properties in mind but I'...
JP Desmet
Pay off student loans before purchasing a rental property?
Hello all,
I am in my final semester of college and have received my first full-time job offer, which will be part-time during my final semester before transitioning to full-time upon graduation. I was planning on ta...
John T.
Debt to Income Ratio - Landlord of multiple properties
Hey All,I am having some trouble understanding how DTI is calculated and it seems that the different lenders I have talked to are telling me different information.I have 1 year of landlord experience renting half my d...
Evan Higashiyama
Seeking Help/Guidance on next steps after recent purchase/rehab
Hi All,
Long time follower, first time poster here. Thank you in advance for the feedback! I bought my first home in April 2021 and have been fixing it up myself/with contractor friends/other contractors. I moved in ...
Edward Rogan
Buying Property with Vacant Parcels-Considering Options
We recently opened escrow on 2 properties in Brazoria County, TX. They are less than 2mi apart and they each have a vacant, adjacent parcel, which was included in the deal price. The parcels are large enough to build ...
Jon Joseph
How to expand
I now own two single family properties. The second is my primary residence. The first I'm renting at 700 with my mortgage at 555. Both were purchased at 70,000. My goal is to eventually not need w2 income to sustain m...
Craig S.
Factoring in downpayment on 50% Rule, first deal!
Hello,
I am getting all the numbers gathered for my first deal, rough total purchase price to be about $110,000 on a duplex. I will need to make some repairs to the foundation and replace the carpet in the entire hou...