Sean Dougherty
short sale approval expires close to escrow scheduled closing date.
As a buyer, I have on offer pending on a pre approved short sale home in Nevada City California. The previous buyer just walked and we are using the approval letter the Bank gave them. Approval was for $228k. I have o...
Andy Levin
States with Option Periods
In Texas, option periods are the norm in real estate contracts. These option periods allow for buyers to back out of the purchase for ANY reason at all - even if the buyer just decides “no, nevermind.” I am curious to...
Gabe Goudreau
How Is IRR/XIRR Affected By Refinancing & Selling?
Hey Everyone,
I've been building an Excel financial model that can quickly analyze potential value-add multifamily projects and I've run into an issue that I wasn't expecting - when calculating the returns, do you t...
Charlie Jones
Calculating Repair Cost
When doing a property analysis and using the 70% rule, knowing the repair cost is pivotal. As a new investor, how can I quickly calculate repair cost during the general analysis portion of property analysis in orde...
Mike Gordon
Tenant is picky about minor issues
In one of my rentals I have a tenant who's often picky about minor issues. The tenant is mostly a good tenant and I make an effort to fix major issues quickly. However the tenant will often bring up minor issues or is...
Jared Lomker
Brrrr 5 unit complex
Good morning,Looking to acquire a 5 unit complex. Vacant property with some rehab required. My question. While doing BRRRR for 5+ units, how long after getting tenants in does commercial lending require before conside...
Jordan Vanherwynen
Payback Period Rule of Thumb
Quick question about Payback Period (PBP).1. Does anyone have any "rule of thumb" when using PBP? 2. Is it even useless when analyzing properties? If so, which types?Thanks, Jordan
Andre' Arceneaux
What to expect when engaging in an owner financed purchase?
I am engaged in a couple of owner financed real estate negotiations and though I have been able to stretch some terms to satisfy the both of us, what am I to expect regarding the transaction?? A real estate attorney w...
James Register
Are Balloon Loans Available Today From Banks and Private Lenders?
I have heard so many different stories about balloon loans. When a borrower signs an agreement to pay interest only for a set period of time and pay the amount due at a set period of time. Say, I borrow $100,000 at 5%...
Ashley Wilson
15 Day Permit Turnaround
Hello BP Philly Community! Does anyone know any steps I can take when a township goes over the 15 day grace period for permit submission (and yes I mean 15 business days!). Thank you all!