Link McGinnis
Understanding Initial financing
My goal is to get into quite a few rental properties so I want to make sure I start right. As I read how others have acquired rental properties, they almost always mention that investors are stuck with 4 conventional ...
Ross Ellington
Understanding Depreciation Tax
Hey everyone, hope all is well with you! I just want to make sure I'm getting the depreciation tax write off correct. Let me give an example to see if I got this right. If I have a property worth $300,000 and land is ...
Tieneasha Bastian
Understanding the process
Okay so we purchased a property under LLC with a hard money lender and I'm just trying to get an idea and have a clear plan for when it's time to pay the hard money lender back we thought that we would owner occupy th...
Kris Lamb
Help understanding appraisal
So I am selling my house. It was a brand new house built in 2019 even though they say 2018(probably the year they submitted for permits) but have all the paperwork to show 2019.
I originally listed as a FBO at 290 b...
Gren Thomas
Understanding HML rates
I plan on purchasing my first flip soon. ARV $200k and lower because of HML rates and points. Trying to keep the cost down as much as possible. I have been contacting multiple HML in my area and I’ve most have been sa...
Gren Thomas
Understanding HML terms
I plan on purchasing my first flip soon. ARV $200k and lower because of HML rates and points. Trying to keep the cost down as much as possible. I have been contacting multiple HML in my area and I’ve most have been sa...
Oliver Hart
Understanding investor payback
New here. I’m running heaps of numbers on properties on the mls to practice my analyzing, but my I’m trying to figure out how using investors money works exactly? If I borrow $100,000 from an investor to purchase 2-3 ...
Alex Furness
Understanding Closing Costs
Hi everyone,First time house hacker & brand new to RE Investing here! Looking to purchase my first duplex in the greater Philly area over the next 6 months or so. I've started seeing some properties and also recei...
Mila Makhanova
Understanding closing costs
Hi BP community, I'm buying my first apartment and would like to get comfortable with the closing costs:what's the best way to calculate them (is there a rule of thumb? Certain percentage of the purchase price, say 5%...
Julio C.
Understanding Cap Rates
I’m trying to understand cap rates in multifamily real estate, and I don’t mean getting the resulting number of dividing the NOI by the value of the asset.What expenses should be included in the NOI formula? I typical...