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Little background. The way I purchase properties is a little different from what I've seen from other members. I basically have assets that the bank allows me to borrow against. Kind of like a home equity line but the...
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32 units that need major renovation. The asking and repair price is over my rule of 65%. However, these are two bedroom units and I would section 8 them under market rent to fill them quickly. In the loan portion I in...
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I am currently eyeballing a couple of smaller Mobile Home (not Rv - though i like those as well). Not having been involved with a park, anybody have some good ins and outs on what to look for? What issues can creep...
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We live in Northern VA, and have a rental property in MD. We would like to buy another VA property for a rental in the next few months. The goal is to have it in my area which is a very good job area with a lot o...
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*This link comes directly from our calculators, based on information input by the member who posted.I have a 15 unit mobile home park under contract. I currently have 16 SFRs / commercial...
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When you estimate expense on an apartment building, I know it's recommended to go with 50% of the gross income. But what about areas where rents are very high? What's the best way to be accurate and conservative at th...
Hi Bigger Pockets!I'm new to the investment world and figured it was about time I come with my hat in hand asking for some help from the community (I've lurked for long enough). I've been using the Rental/BRRRR calcul...
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I recently received an appraisal from an owner of a commercial property I am interested in. The appraisal was done 6 months ago for a pending offer that fell thru. This is my first step into multi-family, so I have...
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Hi all. I live in a very expensive area where I look to invest in a multifamily. I have been crunching numbers now for several days on hypothetical properties based on prices in my neighborhood and came to interesti...
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Hello guys. I live in San Diego in 1 bedroom condo. My loan payment including HOA is around $1,700.If I rent out this condo for, let's say same as my loan payment, and buy another property where my loan payment would ...