Michael B.
Im stuck i have a pretty hefty LOC nothing underwrites
The issue is find deals, but i also have to pay my LOC plus new mortgage so the number don't add up i keep going under water on the deals I underwrite. I pay the whole deal cash but i still have to pay like 16k month ...
Jason Rivera
The "Rules" in Philadelphia
Are the 2% rule and 50% rule feasible in Philadelphia? Has anyone been able to apply these rules?
William Coet
Interest Rate Increase Adding $420,000/Yr In Expense! Will Low Interest Return?
With interest rates on multifamily having gone from high 4s to high 6s the buyers expenses will be higher now than they were a year ago. A potential seller I know is considering whether or not rates will come down or...
Ryan Newport
Meriden House Hack #1
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Meriden.
Purchase price: $277,500
Cash invested: $18,000
House hack #1
Current cash flow: $2000/mo (2 of 3 units)
Project...
David Martinez
New Member From Corpus Christi, Texas
Hello Bigger Pockets/members! My name is David and I'm excited to be here to learn more about Real Estate and to network with others and possibly form friendships in the process. Right now I'm the owner of a success...
Jerry Sanders
2% rule discussions
When using the 2% rule it's the total rent divided by the property (asking price or value)? Also, if a property does not meet this can you find a number that will work and offer that? Thank you for any insight.
Stephen Gooding
mobile home park analysis
Hi all, newbie here and i'd appreciate your thoughts on a MHP i found. The plan is to 1031 my single family rental property to go towards this one.
-asking $350k
-12 lot rents at $300 each, 1 single family house at...
Logan M.
Mobile Home Park Investing Vs Development
I will make this a quick post with bullet points.Key takeaways from my experiences doing development projects:1. If you are developing typical multifamily banks are more excited about them than a MHP.2. Development cr...
Jairhad Hemmons
Should I rent or sell???
Hello,
Long time lurker, first time posting...
My grandfather recently passed, leaving his house to me. It’s completely paid off, just taxes due. Needs a ton of work, new furnace, interior, etc. Would I be better of...
Stephen Kunen
Is this 6-unit a deal?
Hello fellow BPers, we got this potential 6-unit deal from another investor, and wanted to get your thoughts on the MAO. Price: seller is asking $360kUnits: 6Unit Mix:Three 1 bed's apartments. One 2 Bd apt. and two ho...