Ricardo Cristobal
What type of Loans used for Small Multifamily properties?
Good day my BP Members,As a new REI i'm still learning the ropes of the trade, so from what I know, I can an FHA loan at 3.5% down to purchase a small multifamily property. MY question is, Is it possible to use a Conv...
Daniel Rutledge
Commerical deal and need a solution to the down payment
I currently have a unit under contract that is part of a small strip in a good location. The unit has a finance company paying $1150 a month in rent and they have been there for several years. The unit is worth about ...
Scott Garrels
Offer Contigency Optiins
So when you submit an initial offer on a property are there any standard contingencies that go along with it?For example, if you submit a lower then asking offer but non-contingent upon an inspection, would this be an...
Lisa Foreman
Can't find a tenant.. what am I doing wrong?
Hi, I'm a brand new investor. My business partner and I bought a small but really nice town home in a great school district in Glen Allen VA (Richmond). We posted it on multiple sites and have shown it to 20 people. W...
Peter Morgan
Should I sell & reposition for better returns
Hello,My PITI was $3200 and now suddenly increased to $3700 because of a recent property tax rate increase. Property tax is a whopping $15000 per year now not based on assessments.I make decent rents close to $5000 wh...
Brian Reinholz
Second Home House Hacking
Hey Folks,A lot of people online & on BP talk about how you can house hack and get lower interest rates and lower down payment ... even on a second home. Assuming someone does not qualify for FHA/VA/USDA (second h...
Matt Roberson
Refinancing a rental
Is it worth it to refinance a rental property to get a lower interest rate (3% down from 3.5%) and lower the years of payment (20 down from 25) despite the having to pay closing cost and possibly decreasing cashflow d...
Alex Olmo
1st commercial purchase
Selling broker sent meat with this with response to offer. What does it mean??
“Credit to buyer at closing or price improvement.”
Thank you
Account Closed
Property tax after purchase
I am looking for advice on how to forecast property taxes for my financial model. The way that I see most brokers represent the property is to take current property taxes and keep it constant or increase it marginall...
Zoe Lee
property tax increase 50%
Hi all,Just noticed there is a 50% property tax increase for a property we bought early this year. Specifically, it's the "improvements" that doubled from 2018. It's been flat for decades and all of sudden hiked. I no...