Chris Irvin
Multifamily BRRRR loan question
I am currently reading the Multifamily Millionaire series and have a question regarding the BRRRR method. If I plan on using a cash-out refinance commercial loan (5+ units) and am going to use a mortgage broker to fi...
Mineto Anfield
Sales Comparison vs Income approach to value
Just received my appraisal back on a rental that I'm trying to do a cashout on. I feel that it came back really low.
1. The appraisal states that the property is located in a totally different city than it a...
Jeremy Albright
Modular with sagging ceiling
I'm looking at a modular where the 3 tab shingle roof was replaced with a dimensional/heritage type shingle. That has caused (I believe) a significantly greater weight on the roof structure and it is sagging a bit now...
Andy K
Which carpet to install in bedrooms in a rental property?
Hi all,We need to install new carpet in 3 bedrooms in a mid-end rental property in So Cal, and I would like some advice on which is the best type of carpet to install. I did some reading online, and came up with the b...
Tim Robbie
CPI weighted escalator clause
Hello everyone,
Im writing up a new lease contract and I'm no lawyer.I need to add a a CPI weighted rent escalator clause.
Does anyone have one?Thanks!
David Ten
High DTI Home Equity Access
Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 ...
Jackie Patterson
Realtor's role in back to back short sale closing
There have been several posts over the last few months regarding Realtors and if they are worth the commissions they earn. I just posted a blog detailing a recent back to back short sale that addresses this. It's ti...
Brad O'Neill
Help analyze first 5+ multi family building
Hi I am looking at purchasing my first 5+ multi family unit and wanted to get a few opinions on the deal. 2 small buildings that have a total of 9 units on 1 acre of land. Could use some exterior work to make it more ...
David Huynh
Dog issue - Tenant moved in puppy without consent!
Hey BP members,I purchased an 8 unit that allows dogs & cats under 35 pounds. One of my tenants is currently paying the pet fee of $35 for her one dog but wants to bring in another dog (German Shepard) and I told ...
Daniel Jordan
Small closets
Hoping to draw from the experience from others here. I have purchased a house that I am renovating to rent. The house is sound and in a good area. 3 beds 1 bath comparable to the area. The one thing I am concerned wit...