Benjamin Pifer
Will I have instant equity to tap into?
I'm looking to buy a single family home to rent. It's tax assessed at $52000 but is for sale for $38000. Say I buy it for $38K with a 20% down payment ($7600) leaving a $30400 loan. If a bank will give an equity loan ...
Kole Kingslien
Refinancing out of a Land Contract
Hi Everyone,I have a question about current deal I am working on. I am buying a property on Land Contract, and am buying it with equity. My plan is to buy the property on Land Contract, and then refinance out as soon ...
Bryan Pham
Limit on numbers of mortgage you are allowed in Austin, TX
I am looking to purchase my first property in Austin, TX. A 2BD, 2 BA and house hack the other room for extra income. Let's say if I refinance my house to purchase another home, how many mortgages am I allowed? Is it ...
Therese V.
How to Calculate Purchase Price of Multifamily?
All of our current rentals are single family homes. We want to branch out to multi-family. There aren't many available for sale or recently sold to do the same kind of comp analysis that we've done for single family h...
Ayodeji Kuponiyi
Buying Personal Home & Investment Properties w/ No $ Down
Hello fellow BP members,Is it possible to buy a personal home with no money down using seller financing? My wife and I are currently in the process of fixing/updating our credit. While this is occurring, I wondered if...
Jessica Roberts
Wholesaling an Apartment Building
Hello Everyone,I am currently looking at putting a property under contract that can be converted into an apartment building. The thing is I don't know how I'd go about finding a buyer for it once it is under contract...
Account Closed
What's your favorite "formula" when analyzing a potential flip?
In my research I've come across several different formulas people use to determine if a flip is worth the risk. The 70% rule [i]seems to be the most used and discussed (?).
While at a workshop recently I met someone ...
Clary C.
Is there any software recommended for wholesale evaluations?
Friends,
does anyone recommend any particular software product to evaluate wholesale deals? also is there any software for finding out a what the market value of a property is? anyone help would be appeciated...
Steve C.
Estimating monthly expense of property BEFORE buying?
I want to buy a $150k-$200k mixed use investment property. The first floor is going to be office space for my practice (Sex Therapist) and the second I want to be an apartment with separate utilities that I can rent ...
Jim Hwang
Help determining depreciation recapture
Hi all,I've struggled for weeks to get a definitive answer to this, and am hoping the magic of the BP community comes through here: how do I calculate a rental property's total depreciation amount from which 25% will ...