What is IRR?? How can I understand that complex formula?? I know that it is a rate of return that factors in the time value of money, but still don't get it.
There is a property that I am interested in that I can get financing through a friend for 8% and he can pay cash for the property. When going to re finance out of my loan with him, what will a bank want to see or do? ...
Hello BP! So this is the short version, I purchased a property at a sheriff auction a week ago due to a HOA lien, which was in second place to a very small first mortgage in good standing. Through all my due diligence...
For those that ONLY read bigger pockets and what their guru's are telling them. Here is some recent news on some prime real estate. I know many will say "that is commercial it will not impact residential". My opinion ...
Hi BP Family!I’m looking at a 10-Unit portfolio of rentals. It is a comprised of 4-Unit, 3-Unit, 2-Unit and 1-Unit properties. I am planning on getting one portfolio mortgage for all properties.My question is, given t...
Hi, first a request: Do you know of a reasonably priced earthquake insurance provider (that covers Washington state)?Second, a cautionary tale: I have owned a 29 unit apartment complex for 9 years, always paying the m...
We saw a substantial swing in the real estate market in 2022. What happened?
2022 started off the way 2021 ended, with a very hot market, quickly rising prices and fierce competition between buyers bidding on very li...
Investment Info:
Condo buy & hold investment.
Purchase price: $455,000
Cash invested: $95,000
Rents 10 months per year. Use a property manager. Now worth $575K.
What made you interested ...
Curious to know how many of you that are going will be staying at the JW Marriot and how many are staying elsewhere. It's a bit pricey for me at the Marriot, but I have the opportunity to stay in a friend's AIRBNB con...
Wondering if anyone has any recommendations for landlord insurance companies or agents in Ohio. I have a SFR between Dayton and Cincinnati that I bought I 2016. It has been insured on a larger commercial policy thro...