Hello Everyone,I'm trying to figure out a fair way to split deals with my friend. I'm a brand new RE investor (haven't even done my first deal yet!), and planning on partnering with my friend who is a fresher like me....
What equity position in a home would a bank need for me to cash out refi at 80% LTV?I have a home that will be worth at minimum 150k with 67k mortgage on it. I’m planning on a cash out refi to get my money back out of...
So I am trying to refine my spreadsheet for rental property analysis, and I am trying to figure out what percentages to allocate for the various expenses that come with a property. Right now I set aside 24% of the gro...
Hello BP community.
I have been analyzing some 5 unit multi-family properties lately and was wondering when factoring in cap expenses at 5%, should that percentage be per door for 25%, or should it just remain at 5%...
Since Covid, I've seen hard money lenders go from 90-95% LTV down to 65% and now at 80%.Is there any word that they will soon go back to 90-95%?
Hi all! Does anyone have any certain resources, websites, programs, etc. that you use to see average rent rates in a certain city over a period of time? For example, if I wanted to invest in a small town in Indiana, i...
What is a fair percentage for a hard money loan? I am taking out a loan from my father in law and I am wondering what a fair percentage is for a $120,000 loan on a fixer upper. Does it accrue monthly or yearly?
Hi all- I may have interest in the long term of converting a primary residence to a rental. With an area having a 10% restriction limit on amount of properties that may be approved to rent, would you recommend not pur...
When an HOA covers the exterior (driveway, lawn, shingles/roof, siding...) and I would be responsible for windows and interior... how would you calculate CapEx/what percent would you use?The majority of the larger pur...
I see alot of properties in parishes go straight to 1% ownership. The only reason i can think so is that if they dont pay the taxes on the property do they get to bid on the other 99 % next year ???