Kevin Reinell
Partner up or go alone with Hard Money?
Hey BP, Seeking some advice.I have a deal in contract to develop 5 units. Currently working on obtaining the financing. It would be a BRRRR deal that I would ultimately finance at 70-75% LTV of the ARV. The tricky par...
Chris Hair
Advice on a property
I hope it's not against the rules to ask questions about a specific property but I'm looking at the following apartment building. It's currently located less than a city block from a major state university. Looks to...
Matt Sanford
Leverage and Double leverage, to be or not to be.....??
Hi Investors...April 26, 2017....I have a hypothetical money flow and finance question, what if someone had a HELOC of approximately $350K that was available to them.And they wanted to buy some rental properties and d...
Becca Pariser
Contacting an owner with an unhelpful agent (On Market)
Hi there! There is a multi-family nearby that I've had my eye on for a while. It's a SFH with two 1/1 units in the back. It's been on the market for over 228 days. I reached out to the agent with a generous Seller Fin...
Tyler D.
Things to watch out for with older houses?
I own a rental property that was built in the early 1900s, and am wondering if there is anything to be concerned about. Preferrably I'd like to hold it forever, but I'm unsure if there are any issues that may crop up ...
Carl A.
Large dental tenant demanding 90 days abatement
Hi allI have a commercial rental with a large national dental tenant (they have about 200 clinics nationally). They sent a letter out that is summarized as follows: Due to the forced shutdown, we will not pay rent f...
Patrick Britton
Appraisal on +5 units
Question about the appraised value of larger multi-family properties...Is the appraised value based on the NOI of the current rent (or appraiser's estimate of rent)? If so, how would an appraiser get all data (expens...
Ryan Dunne Ewing
My Multi-Family Property has a 14% cap rate. So what?
I’m one year in to owning my 4 unit multi-family property. Bought it for $209,000.i have dramatically remodeled the building in under a year and doubled the gross monthly rent income.As of right now I have a cap rate ...
Jim Stevenson
Pay off debt vs saving for down payment
Hey everyone, I know this question has probably been posed a lot but I wanted to see if I could get some feedback on my situation. Back in September I started the uphill battle of paying off mine and my wife's $55k wo...
Michael Pannacciulli
CPA needed when starting out?
Hi - when do most folks hire a CPA? Before the first purchase, after...after several investments?Also if you are an out of state investor, do you pick a CPA in your home.state? Does it matter much? I don't expect o...