From reading BP articles and listening to BP podcasts, I’ve learned that hard money costs will be dependent on the project, not the individual’s income or credit score. Therefore, you won’t know how many points or wha...
Hello BP,
I'm trying to analyze a deal everyday until I pull the trigger on MF.
Here are the details:
Purchase price: $1.049M
Monthly Rent: $8100
1-2% rule, no: 0.77%
Area: B+/-
Units: 3/2.5
Days on market: 203
Yea...
Hello all,I'm trying to get a loan on a property listed at $810,000. I have the cash to make the purchase, however it would put a very significant dent in my bank account.I have one lender that makes their loan calcul...
CRE bridge loans are tailored to owners and investors who require speed, creativity and certainty of execution.Here are a few scenarios where a bridge loan would be a great solution:1. Time-Sensitive Closings2. Discou...
Here's another tip for working with hard money lenders. Follow the submission guidelines the lender has put in place. Give the lender a complete submission using the guidelines but don’t go overboard with the informat...
I looked and could not find a friendly discussion about systems...Every time a "new" system comes out that is going to revolutionize the business so you push a button and you make tons of money nobody takes over the...
I am analyzing a property that include 8 units, each 2 bd 1.5 bth which could be my first multifamily investment. It consists of two quads facing each other. It produces $48k a year. Using the 50% rule of thumb $24k ...
hello,
I know how to figure cost, fix and upkeep on a rental property. My problem is finding a calculator/spreadsheet or pro forma workout program. I was hoping someone could help me. All the standard calcult...
I'm trying to calculate the numbers for a BRRR multifamily but I can't quite figure out how to build in the construction loan. Does anyone have any tips or hacks for this? My investment strategy has 80% construction l...
Hi everyone. This is probably a really dumb question, but I figured I'd ask a forum full of intelligent and experienced landlords rather than fly blind.We've just started to advertise our first rental property and we'...