Bin Chen
Convert from 2 family to 3 or remodel and just rent out
Hi all,I am currently working on a two family house in the riverdale part of the bronx, I went the route of converting the property to a 3 family house but am now wondering if it was worth it.Scenario 1:The house is a...
Travis H.
Cap rates - multi family residential valuation
In commercial r/e property value can be calculated as:
Value = net operating income/cap rate
Does this valuation apply to 1-4 unit properties? Or is that not considered "commercial"?
Granted from what I read instit...
Josh Justiniano
Lump Sum Wholesale Fee Vs Cash Flows
Hello! Any savvy investors want to take a shot at this one?
Here is my dilemma:
I have a property in escrow right now and am wondering whether to wholesale for a lump sum, or pu...
Doug Danoff
Solar and Geothermal in flips
I was curious if any folks who flip houses in the north have considered incorporating solar panels and / or heat pump technologies such as geothermal or air-source in their rehabs. To install solar panels and a geoth...
Christian D.
Closing in an LLC - Non-QM Lender
I'm currently in contract on a property (2-4 unit) with a non-qm lender.
Since this lender is not adhering to Fannie Mae guidelines, I am looking to close the property in an LLC. I was told by my mortgage broker he...
J.J. Jaurequi
What's The Current Investor Discount in San Bernardino, CA?
What is the current investor discount for San Bernardino, CA , Riverside, CA , or surrounding cities in the Inland Empire i.e. San Bernardino County and Riverside County?
Lexi Teifke
Real Estate Statement that I love. Simple but wise.
If the property can generate adequate net operating income to support sufficient debt to finance the property and provide a satisfactory cash return to the developer-investor, the project is financially feasible.Good ...
Robert Littke
ROI
Can someone correct me if I'm wrong here:
If I have a property I paid $35,000 for in 1979 and I can sell it today and walk away after closing costs for $300,000
OR I can finance it for 3 years and walk away with $359,...
Steven Libby
How does tax abatement affect property values?
How does tax abatement affect a property's value? I'm looking at an apartment in Brooklyn, New York with a tax abatement for 15 years so will that force me to overpay for the property because it has a tax abatement...
Sandy G.
Prospective Tenant wants discounted rent to buy new furniture
Hello there! Thought you all might get a chuckle out of this one. Had some prospective tenants check out one of our rentals today. I had asked them multiple screening questions prior to the showing and then toward ...