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Hi Everyone,I'm trying to assist someone in obtaining a loan. The person in question:Owns primary residence (300K)Has +-300K in equitiesIncome of $35,000They took out a HELOC and used those funds to buy a 4plex for $1...
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Hey hey hey BiggerPocketeers!!!Have you heard that we're hosting ANOTHER BiggerPockets Conference?The first one was such a hit, we're doing it again in New Orleans! Join us October 4-5, 2021. You’ll hear from some of ...
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Hello, I'm thinking about purchasing either a coin operated car wash or laundry with good financials. My concern is that they are harder to operate than it looks. The laundry mat is in a mid-low income neighborhood ...
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Hello fellow BPers. I've noticed alot of posts where people don't consider an 8% return to be worth a deal or feel it is taking on too much risk for an 8% return. Whether it's investing in a turnkey property or a r...
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I’m buying a house in a couple of days and there is a renter in it that hasn’t paid their rent for the last month according to the seller. The renter went on a month-to-month lease over a year ago. Should I get the ...
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Hey all,
So I was looking at a 10-unit multi-family property the other day online and it was advertising an 8 CAP. But when I ran the numbers, the CAP rate I got was closer to 6. When I asked the broker where the 8 CA...
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Hello BP Forum,
This is my first post on here and I truly appreciate this amazing network of highly effective go-givers of time and energy. It's something that just blows me away.
Cut to the chase.
I will be mov...
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Hello BP Nation!
This thread is to the active membership here on BP and for the benefit of the new members who come to our site, as well as all of us.
It has been brought to my attention from several members who are ...
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I’m looking at a strip center in the $500k range. I could sell a few of my duplexes and 1031 into it but I’ve considered just syndicating it to gain some experience on a small deal. It’s a 100% occupied 12 cap deal wi...
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Hi have a home I am putting an offer on for $219,000 listing price. If I put in offer at $205,000 or have to even pay list price is it a good deal?I would have to do a small rehab of floors and paint and maybe new app...