I'm looking to pay cash for 3-4 properties in the next year. My primary reason for paying cash is to be strong in my offers.My goal is to pull out money but still maintain a 30% or so equity position in each property...
Hello, newbie trying to get started this year with my first MF. Searching loop net I found a few that piqued my interest. The most promising looking as far as cost and general state of needing rehabbed are mostly in...
New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...
Let's quickly cover the property classes. Property classifications were created to make it easier to communicate among investors and lenders to the quality and rating of the property amongst themselves. The class can ...
Hi, can someone explain this to me? Basically give me an example of say a $100,000 home and how this is wise to use that rents for $1200-1400. Verse other loans. Or why one would choose DSCR loan / interest only pa...
Hello BP - I have a quick question I still have in regards REOs wholesaling. I keep seeing a few guys around my area (Tampa) that wholesale MLS properties. I have access to MLS so when I pull up the property I see the...
I've heard of different formulas to determine CAP rate. Two of them are:
1. NOI/Purchase price
2. (Annual rent/2)/Purchase price.
Assuming expenses are about 1/2 of income. Please explain the difference.
Once I get th...
Can you explain to me why it is important to leave some equity in a property in case of an economic downturn? I have read this in a few posts and I can't figure out why. Thanks.
Guys, everything I have learned in real estate has came with ease, except understanding a Subject To deal.I am a wholesaler, and occasionally buyer myself. I just don't understand the pros of a end buyer (rehabber) bu...
BP Family!! I am trying to make sense of how a property can be listed on the MLS, then a few days later the price increases $10,000 or $20,000. If there was a demand for the property wouldn't the seller just accept on...