Ok, so I'm a bit confused on the rule of thumb is for analyzing a flip. Is it 70%-75% of ARV minus repairs? I've come across a property that is preforeclosure at 255k. (Listed)
ARV is ~ 315k
Repairs ~ 40k
That leave...
Hello All,I hope everyone is well and doing great in their investments. This post is in regards to a turnkey product that I've had under contract for a while and am nearing closing. The house is a 4br/3ba. It is in th...
Hello all,I am currently searching for my first multi-family investment property. I've been using the basic Google mortgage calculator, but I want to know if there are any other tools I can use to get a more detailed ...
Quick question. Running the numbers on duplex and budgeting in 10% for Property management. Do property management companies charge you per unit or total for the property? Thanks in advance
Hey BP world, I am analyzing my first property as an investor and I'm really excited right now but looking for a little help from anyone in the DFW and Texas areas on estimating repair costs. So the house is a short ...
This would be my first deal, and just seems sloppy overall.House: 4 units (currently totaling $1,475 monthly rent TOTAL)Condition: 1930's historic home, in pretty POOR condition (mostly aesthetics), as owner lived OOS...
Hey everyone, I am new to BP. I am still very green and trying to lean how to analyze a deal. So i just got an email from a friend who is trying to sell his condo in Vestavia, AL. In my financial state it would hav...
Hi,I recently found a deal in the Magnolia Park area of East Houston TX. Based on a report, this is the info I could muster....-Multifamily: 3 units-Sale price = $140,000-NOI = $1700/month-Est. mortgage at 3.4% intere...
BP Community,Those of you involved in short term rentals (Air BnB, VRBO, Home Away etc), what tools do you use to analyze if this property would be in a good area? Is there a filter within any of these apps (or a 3rd...
I’ve recently made the decision that I would like to invest in real estate. I’m currently spending time reading books and practicing analyzing deals that I sees that when I’m ready to purchase I feel confident in my d...