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...
Martel Fowler
Understanding wholesaling agreements
I have 3 contracts for getting homes under contract for wholesaling and I need to understand them. The first one is real estate purchase and sale agreement. Second one is Agreement to assign contract for sale and purc...
Bruce Gibson
Understanding Purchasing Contracts
What’s the most efficient way to understand a purchasing contract so I can help explain anything to my seller
Douglas Curtiss
Understanding Rentometer Rents
Trying to get a rough idea of rents and I went to rentometer. If I have a duplex (each side 2/1) and put into rentometer "4 bedrooms", is the result I get for both units or for each unit? In other words, if rentomet...
AJ Angel
Understanding RE terms
What does this all exactly mean? thank you for your help. ALL CASH, NEW LOAN OR ASSUME EXISTING 5% INTEREST/30 YEAR FULLY AMORTIZED LOAN WITH APPROX. $176,000 BALANCE (8% INTEREST STARTING IN SEPTEMBER 2018). NO ASS...
Andrew Galeano
Understanding Private money
Hey I was wondering what would be the best way to network with some private Lenders. I have been Pre Approved for a mortgage amount of $450,000. I have come across a few rehab deals but with the purchase and rehab wou...
Nicholas Weckstein
Understanding BRRRR method
I was just reading a post on here about the BRRRR method.
It got me thinking. I need to understand how it works better. I know what it stands for and I get the process but I could use some clarification.
So you buy...
Ethan Augustus
Understanding the Numbers
I really want to analyze properties. I use to set a goal to search for at least one property a day. It has gotten to the point where I want to run the numbers and understand them. I get lost at times when people go de...
Andy Eakes
Understanding rent control
I am about to make an offer on a 3 unit multifamily in San Diego, CA. I just found out about rent control here. In my reading, some of the articles mentioned that you can not raise the rent by over 10% every year. Oth...