Desmond J. Hinds
Is having a Positive Cash Flow Based RentalProperty A Bad Thing?
"The value of the selling NJ Off Market 6-Unit Rental Property and the value of it now are based on the cash flow and conditions," according to the Realtor (in PA) attached to the NJ Off Market 6-Unit Rental Property....
Heather Bergman
Brandon Turner's Webinar Worksheet
Hello, all,
Regarding the spreadsheet that Brandon used on the webinar, where is the 50% rule applied? It seems like the "Net Operating Income ($ left to pay mortgage)" cell is using 100% of the gross rent. I...
Corey Dutton
I've Been Banned from BP Inbox But No Admin on BP is helping me!
Hello, I've been banned from my using my inbox on BP for months. I was not made aware of any violations but just my inbox was shut down and to 'CONTACT AN ADMINISTRATOR IF YOU FEEL THIS IS AN ERROR.' I've sent several...
Guillermo Kennedy
Rehab and Flip Fire Damaged Properties - Deal or disaster?
Hi BP Community!Certain markets in the northeast have become saturated with investors with the larger, better financed ones snatching up the best deals through inside contacts and greater access to capital. I am alwa...
Account Closed
Costs of conventional mortgage
Hello,
I am currently purchasing a SFR in the state of connecticut and as I was looking over the loan, some of the fees looked a little high.
The loan will be a second mortgage for me and owner occupant. The lender ...
David Horowitz
FHA Loan for Mixed 4 Unit Residential 1 Unit Commercial Property
Hi Everyone!I've been doing some research, and landed on a question that I don't know the answer to. It is clear that an FHA 203(k) loan can be used to purchase a mixed use property under the following conditions:1. N...
Chris M.
Local rent figures
In now it has been asked a lot. What is a good site for researching the local rent payments say by zip code or other? Read that it may be wise to hunt for properties where you can stay above the local mean.
Alex Scotte
Are there penalties for withdrawing roth IRA?
The money I used to start the IRA was post-tax and the value of the IRA is less than what I invested. I was thinking of waiting for it to even out, or close to it, and re-invest the money somewhere else. Are there pen...
Naveen kumar Vadlamudi
Need Help on deal analysis and price suggestion - 1st deal
Hello All, i came across this college town property - it is a value add opportunity. 14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters. Central heat & air*I made...
Account Closed
Newbie Flipper Neeings Help With Analysis (Work Sheet Below)
Hi everyoneI'm doing some pre analysis on some houses and it seems to me things are a bit expensive especially in terms of materials and labor. I'm in the NJ market so that is to be expected.I'm struggling with analy...