Neil Polehn
Ratios used in your deal analysis? I created a spreadsheet...
Hello All,What ratios do you use when you are analyzing properties? I created an excel spreadsheet and calculates cash flow, NOI, ROI, Cap rate, and the %1 rule quickly so I can process properties on the MLS as rapid...
Carol Labbe
Do banks give HELOCs to LLCs
I recently acquired a single family residence that I plan on flipping. I paid $65,000 for the property which had a recent appraisal of $124,000. There is no mortgage on the property. I need the funds to rehab it, but...
Seth Johnson
I'm interested in portfolio lending
I have maxed out my 10 fannie mae loans and am curious to hear input on porfolio loans. I have 4 quadplexes that currently have traditional fannie mae loans, that I am interested in grouping into a portfolio loan. I...
Matt Smolinski
How to Track Property Reserves
I just got my first tenants this week and now I'm trying to get my financial organization in place. I've recently purchased Quicken 2019 Home, Business, and Rental Property and so far it's been fairly easy to setup. I...
Sohrab Ansari
property manager - 16 units - Problems?
About 4 months ago, I purchased a my first 16 units apartment. I got a property manager as I am busy with a day job and I cannot see myself manage property. When we bought it 2 units were vacant (needed some work, one...
Lucas A Davidson
Seeking Refinancing Guidance
I posted last week with woes regarding lending - lenders only were wanting to grant 20 years, in short.Deets:
1. House was purchased for 62k. I had to put 0% down. In all, I'm about $3k out of pocket in this deal.2. ...
Kirill Chervets
Cash out refinancing non owner occupied duplex - Seattle
Hey BP,I have a duplex in Everett that I would like to cash out refinance on. It is currently leveraged roughly 45%, I am looking to pull cash out and leave it 75% leveraged. It has been rented for several years and i...
Bruce Chenowith
Tax question on personally owned building used in partnership
I bought a building personally that is being used in our partnership. The building is used for softball batting practice, lessons, camps, etc. I understand the basis rules for depreciation (lower of cost or market)....
Darek J.
Best way to calculate Market Rent Level?
Hello all, I have a unit that will be up for lease renewal in the next month or so. In preparation for that, I have been keeping an eye on other properties in my general are. I have a duplex, the unit is a 3/2, so I...
Rob Flagg
1-4 Unit Non-Owner Occupied Financing - 80%+ LTV?
Hi Biggerpockets!I have a question for those seasoned veterans out there that have more experience in the financing of 1-4 unit non-owner occupied multifamily. Let me start with a preface first: We purchased a townhom...