Carl Randal
When the "Math" makes the offer too low...
(ARV x 65%) - Repair Costs = Maximum Allowable Offer. What do you do if the math makes the MAO so ridiculously low that the previously "motivated" seller becomes not so motivated? Example: ARV $162,000 X 65% = $105,...
Ross Gleason
Saving for my First Down Payment
Earlier this morning I finished reading Rich Dad Poor Dad after having purchased it saturday afternoon and it's got me thinking about the strategy I'm using to save for my first down payment. I am currently putting at...
Sean Petrie
Bad time with rates and prices!?
Hello guys and gals,I’m looking to get into real estate investing and more specifically residential SF rental property in the Midwest. I have ran the numbers on many calculators with a purchase range of 200-300k and t...
David Eisen
Tenants owing a lot of rent and Forgiveness of Debt
Has anyone use forgiveness of debt if a tenant leaves/evicted owing back rent money? A quick google search... If a creditor discharged a debt of $600 or more, you should receive a Form 1099-C from the IRS showing the ...
Mel Rosario
hands off multiunits.
I have seen a few of these lately. They are multiunits that are located in the same community run by a management company. Depends on area, expenses are HOA, water, trash, and your mortgage. I may be missing a few...
Jeremiah Watkins
What do you consider when looking for a lender?
When getting a loan, do you simply take whatever rate is lowest? Or are there other things you look at?
Zac Vaughan
DSCR Breakdown - BPs NOI Calc
Hey BP community, I am currently looking at DSCR loans and my numbers never seem to add up to BPs, and I can never get a 1:1 it's always way less than 1. Here is an example of a property I picked out just for practice...
Skyler Shively
Stumbled upon a seller looking to sell his portfolio. Need Advice
Want to start off with saying that I have only purchased rentals traditionally with 20% down. Realtor friend that I work will found a seller looking to sell off 24 sfh units. I do not have the money for a down payment...
Jeff Jenkins
Deal Analysis
Hello all,
Can anyone recommend a method to practice analyzing multi-family deals without having a broker waste time retrieving rent rolls, P&Ls, etc?
Would anyone also be kind enough to provide a s...
Christian Tanas
Starting out as a Senior in College
Hey everyone!I am a senior mechanical engineering student in the North Jersey/New York City area and am a complete newbie in the real estate investing world. I began learning about personal finance and investing at th...