I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
Hello Everyone - Long time investor, first time post! I've worked residential for the past 10 years (buy & hold and fix and flip) and ready to take the plunge into multi-family investing. I'm looking at 5-7 unit...
Can I use 7% interest as a conservative number to figure out my mortgage payments? If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year
Fellow BPers,I found a commercial retail property (strip mall) that I am interested in but I have no idea how to evaluate it. I've never done any strip malls before. How do I run the numbers? How do I know if this is ...
Just had a tenant pay a $500 deposit then claim that one of them accepted a job out of state and wants their money back. Of course after receiving the deposit I took it off the market and stopped showing it and turned...
Hello all,
I have a pretty basic question but couldn't find a concise answer posted.
What's the difference between net operating income and cash flow (as used in an REI context)?
My understanding ...
When underwriting apartments in the Metro Detroit area, what are your "rule of thumb" expenses per unit/year for B/C class properties? I'm hearing maybe $3000/unit per year -- maybe more recently. Investors or Propert...
I've been pre-approved for a mortgage but have no cash for reserves. I have credit cards w 0% interest. I'm considering getting a line of credit from the bank. What other options are there to use?
I am working on getting bids for larger replacement reserve items for our apartment buildings. I use a few bidding websites, but am always on the lookout for better technology or services. Can anyone recommend any g...
Hi All,
I am trying to work the numbers on a deal that I am interested in and am curious as to what Capital Expenses I should average into my long-term costs? For example: if the roof is already in good shape, should...