Account Closed
Market Research Fundamentals
Hello BP!What are some key indicators that you look for when deciding on a city to invest in? These metrics can be things such as positive population growth, low crime rate, education/school proximity, etc.I appreciat...
Austin J.
What does it mean for an owner to get a second mortgage?
Trying to buy a small commercial plaza. Asked the owner if he would seller finance any of it, he replied “i would probably take out a second mortgage on it”. How does that work and what does it mean?
Ricardo Becerra
Interest rate vs PMI
Hello guys.. so I have a quick question. Your help and guidance is greatly appreciated. SO... I am looking at doing a new construction loan. I have 3 options. 1. Freddie Mac, 10% down 90% loan. and i can pay 2.00% (5,...
Mitchlyn D.
Would you do this Owner Financing Deal?
Details: Property type: Two duplexes side by side Owner Financing Purchase price: $220,000($110k each) Downpayment: $15,000 Loan amount: $205,000 Interest: 6% Loan Term: 15 year Monthly Principal a...
Pat Muller
To Buy or Not to Buy
I live in a HCOL area and there is a small two-family that is currently available to me for short period and I was in the market for a multi as my first purchase when COVID hit and the market went down the tubes. Howe...
Tanya Maslach
Advice on deal in Denver
Hi everyone!We want to get into MF (2-3units to start) doing BRRR... and rent out for Mid term rentals.We see a house that meets our buy box, and our investment goals are;- $300 gross profit cash flow per month- 30% e...
Chris Risi
How to use Cap Rates to underwrite Deals?
Hi all, for some reason cap rates confuse me. I was recently told, the lower the cap rate, the higher the property value. For some reason, I always thought the higher the cap rate, the more valuable a property should ...
Jake Adams
Flip refi to rental, high LTV
Hey BP community, I am in a bit of a pickle. I currently have a flip on the market in Denver that is not selling and hard money note is due in about 90 days. Here is the breakdown:1st position loan at 2/12 - $486K2nd ...
Cynthia Hanke
First time looking at Multi-unit for a Buy & Hold
Hi all, this is my first post! I currently have 4 SFH and a condo, all rented & flowing smoothly. I would like to find a 2-6 unit multi-fam, in Central Ohio. Going to look in Mansfield today. The one that sound...
Armando Montrond
Is this seller finance structure possible?
I am trying to work a seller finance deal, they are only willing to do a seller finance deal if someone puts 50% down. I am not sure if this is even possible or not but the property is 525K. So i was thinking I Could ...