Nicholas Weckstein
approved for loan but closing costs outrageous
so i'm approved by wells fargo for 145,000 with 25% down. my rate is 4.875%. buying in the scranton PA area. paying no points. and here's the kicker which i feel is insane...$10,059.86 for closing costs and prepaids ?...
Rick M.
Building what I want instead of waiting around for inventory
I have had my realtor looking for a Quad in Dover and the surrounding area for a year and change. I was given an opportunity to possibly build a multifamily from the ground up. I happen to have a family member that ha...
Chris Seveney
What is the biggest waste of money new investors make
Let me start and people can add:1. Deeding a property in their personal name to a LLC.Why, because you now have additional costs and are getting no asset protection since your LLC didn’t buy the property (and 99% of t...
Jane S.
High closing costs! SFR to rent.
Estimated closing costs for a $450K SFR in good location, its in "ok" condition with 17 inspection faults. (There were 10 more but didnt ask seller to fix them, my handyman can do it.)And closing costs are around $180...
Raju Balakrishnan
Investing in High-Cost vs Low-Cost Markets, Which Makes You Rich?
Just wrote this, this is especially relevant for Californians. Would like to know your opinions. https://www.biggerpockets.com/...
Nick B.
Underwriting apartment expenses - small properties vs. big ones
Hello BP!Are expenses per unit significantly different in small apartments (10-50 units) versus large ones (100+ units)?I came across a couple of listings for small apartments (16 and 36 units), where stated actual ex...
Manan Shah
4+ unit properties
Hello, I am looking at 2 properties, one 2 unit property that I have put in an offer of about 120k that can generate positive cashflow of $600 per month and another which is a 6 unit property where I have put in an of...
Zack Busch
Crazy Idea to Acquire, Flip, and Sell
Hey everyone! I posted recently about a house that needed a full gut to flip in the Philly area. The house is listed for $235k (was at $250k on my original post) but my agent talked to the seller’s agent and they indi...
Neil Stern
Brooklyn NY - all advice is appreciated!
Hi, any advice would be much appreciated!!!I am looking at a multi family (3 unit) deal in East Flatbush, Brooklyn NY - Based on my research with brokers, I believe i can get the property to an NOI of 35k. 1- Based on...
Hayden Wyker
Am I doing this right?
Hey Team, I've got a quick question.. could use some help from the hive mind. I'm very early on my journey, I've got my personal finances in order and I'm smashing saving. I want to get into the market, but I can't be...