Sagar Naik
Need some assitance analyzing this deal!!!
I came across a potential deal on an internet listing. I have been trying to run the numbers and do research and trying not to let emotions take over. If I could have a fresh set of eyes look at it as well for some ...
Michael Plante
Looking for first institutional mortgage 40 years of investing
Always paid cash or owner finance Decided to look into getting a loan on a SFR I want to purchase in AR Where would you goLocal Bank?National Bank?Lending Tree type of company?Mortgage broker?thank you!
Anthony Wienke
Is it illegal to ask investors for money on a rehab project?
So here's my question, is it illegal or unwise to ask for money from investors on a major rehab project?I have done all the leg work and calculated the ARV (about $980,000) the total cost to purchase the vacant apartm...
Robert Rodriguez
looking to attempt a purchase on a pre-forclosure not sure how
I tried to find the answer myself before posting but couldn't find the same situation. If it's easier to share with me a BP link then explain then please feel free. So I have been looking at Foreclosures and Pre-for...
Jordan Schneider
Advertising on Zillow and Trulia
Can any Realtors in the Bigger Pockets community share there experience with advertising on Zillow and Trulia or on Realtor.com?I am a newer agent who has done only rentals since getting licensed. I have the knowledg...
Billy Bell
Need help reviewing my first Property Management Agreement.
Hi All!So I'm coming up on my closing date for my first ever rental property, and currently looking for property managers. I was referred to this one by a trusted friend that has a couple dozen units in the area. I ha...
David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Gopichand N.
When is Private interest rate of loan beneficial?
I am working with an investment group who provides Private interest rate of loan,the interest seem to be higher (4.5%) than then traditional 30 year loan for investment properties(3.25%), it obviously doesn't sound b...
Aubrie Layne
Buyers keep backing out of offers, due to insurance; coastal prop
My dads house has had a few offers that have led to buyers backing out after learning what the price to insure it. He’s on a creek in coastal Texas (Sargent Texas) with new roof and near a bulkhead. Never flooded. Wit...
Gregg Reinbold
Will adding a second bedroom reduce turnover?
I have 5 unit apartment building. One unit is a 2 br/ 1.5 ba and the remaining 4 are 1br / 1 ba. I cannot seem to keep a tenant in the 1br /1ba for longer than a year, but I have the same tenants in the 2 bedroom fo...