Shawn Miller
Im interested in long distance vacation rentals
Ive been a realtor for 5 years in PA. In 2017 we bought a home and kept our starter home as a rental which we sold in 2019. Im currently researching buying a vacation rental out of state, possibly near a national par...
Denis Davidyuk
Running the numbers for a property
I am trying to run some numbers on different properties and I don't know if I am running these numbers correctly. For example this particular house costs 59900 and rents for 1000 in Cleveland, which is 1.6% of the pur...
Juan Figueroa
short sales FAQ for new investors or anyone in general.
Q: If the property is In pre-foreclosure is it a short sale?(Agent & Investor)
A: Not necessarily in order for a short sale, seller needs to owe more than the property is worth and HAVE A FINANCIAL HARDSHIP.
Q:D...
Perry Ivy
Self directed ira's and lawsuits
I was recently told by my financial advisor that retirement accounts are lawsuit proof, does the same apply for a self directed account that is invested in real estate, or will the type of investment open you up to li...
Doug Huff
Sub Metering in Cincinnati
I am investigating putting in sub meters in a four unit building for water. I would be separating the water lines but still have only one meter. Does anyone have any experience with this? Is it worth outsourcing to a...
Tyler Masar
Typical Expenses for apartment or multi-families
Hi everyone!I just got started with BP and am trying to practice analyzing deals when I find listings. I know these expenses definitely vary depending on specific situations, housing types, location etc, but would any...
Tom Saysithideth
Commercial Loan Estimates When Running Multifamily Numbers
Hello BP Family,How do you all determine numbers for a commercial mortgage when estimating if a property if worth purchasing? Below are numbers I have (50% rule), the main concern is how to get accurate estimates (tha...
Vinay Dalal
Recommendation in Chicago market
Thinking of buying single family home around Chicago suburbs, is it right time to invest?
Elliot Janes
Spec House: Ballpark, What’s it cost to build a 2000 SF house?
Hi guys. So I’m about to become a general contractor and I have found a real estate development where I can get a 7,000 SF lot for $25,000. There are comps in the same development of homes selling for $250,000 to $350...
Timothy G Dunson
Unpermitted extra bedroom
Hey bp,
I made an offer on a 5/4 duplex. 3/2 in one unit and 2/2 in the other. 2270 sqft. I got my offer accepted for 375000 but the seller wanted not appraisal contingency.
i just found out that the 3rd bedroom on...