Allen McGlashing
HELP!!! BRRRRing a multi family with high DTI ratio
Hello everyone,I’ve tried getting conventional financing, but my DTI is to high due to me taking a lose on my rental property last year. So I have got approved by a hard money lender and I was wondering how hard it wo...
N/A N/A
Hi there!
Hello everyone!
So here's my story: I'm 23, I bought my first home a little over a year ago in Colorado and had a great time with it (even though I had no clue what I was doing). I had just gotten off active duty in ...
Nicholas Jasmine
Acceptable cashflow
I've been in the landlord now for about 18 months and the question I have for everyone is whats an acceptable cash flow? My rental cash flows about 300$ a month that's after:PM, INS, vacancy, repairs, taxesJust wonde...
Sean H.
Help with 5-unit deal analysis
Hello BP Community,I have analyzed this deal myself (using calculator!!) and it does not look like the right deal for me and my investing objectives.However, this is the first multi-unit I have seriously looked at and...
Kenneth Irvan
Loan escrow questions
I have 2 duplexes under contract.....(right before all the covid 19). Using a conventional loan in KSAnyways I was able to negotiate $12000 for each in repairs to an escrow account. I want to install vinyl siding my...
Stephen Johnson
[Calc Review] Help me analyze this deal
View report
*This link comes directly from our calculators, based on information input by the member who posted.
Gaudys Rivas
Net annual cashflow
is there any net annual cashflow percentage considered healthy for long term rentals? I am pocketing 40% from all my properties and wondering if that is average or if I need to pay more attention to expenses .Thanks
Kevin Frett
Is 40k enough to put as down payment on a multifamily property.
I have recently saved up 40k and I'm looking for a multifamily property that I can acquire with a 40k down payment. I travel to Norway a lot so I would need a manager in place. I'm also interested in a joint venture t...
Tyler Neison
Open LLC for first rental property?
I just put my current house (call it 18118) up for rent and am receiving applications from prospective tenants. I have a mortgage on the house in my personal name as it is currently my personal residence. I am moving ...
Jason Rowlett
Are my numbers correct?
I have a condo that has risen in value and I would like to borrow against the equity to reinvest in other properties:Current condo value: $315-325,000 Current mortgage balance: $131,000Equity line I would like to rein...