Hello fellow agents and BP family,
So I’m about to take my real estate exam some time within the next couple of weeks so I can start my journey as a real estate agent. I am currently seeking advise on which brokerag...
What's up BP!
Many people have asked me what they need to do to get approved for a loan. There are a bunch of ways to help prove yourself to a Lender, but staying healthy in these four categories will put you in t...
All, I'm thinking about branching out into a multifamily purchase. I found a good candidate property - $2360 monthly rent received. It's for sale for 310k, so when I put all the factors into a calculator I'm getting...
Greetings.Forming a JV with a friend to invest, broker(?), and trade notes.We are former partners in a bond trading background, and understand networking, brokering vs principal transactions, and how to protect our cl...
Hi I'm Nicholas West. I have been learning commercial real estate and know much about multifamily/student housing deals. I am currently going to college and will be a junior next year. I have been working with Jeff G...
Hello BP Community. Needing some insight on a first time situation. I currently own and operate 9 SFHs and (1) 4 plex in the ETX market. On 2-19-24 we put under contract 5 duplexes (1.398M) to increase our rental p...
So I Just listed to Postcast #272 and I learned the 1% Rule of thumb "If a property rents for 1% or close to what you pay for it more than likely has positive cash flow" Your thoughts ?
Does anyone have any information/experience on the condotel market of the high rises in Las Vegas (the Strip)? Someone was telling me that some HOA's take up to 50% of the rent collected as they would manage the units...
Hi All,
I would like to refi my 7 unit building in Asheville, NC. $611k left mortgage granted by original seller at 5%. Gross Revenues are $70k and NOI is $40k. Out of town landlord with strong property management lo...
Hello,
Last year in November I passed my real estate exam. Not sure how it works by state, but in Illinois you have 1 year after you pass your exam to hang your license with a brokerage before you have to retake the ...