I have another one I'd like to discuss. This is 5 mobile homes and one building being remodeled as a storage unit. 4 park owned homes and 1 tenant owned home. The POHs are $800 a month and the TOH is $300/month. Gross...
I like to use Net Present Value when evaluating deals, but I don't see it a lot on this forum or other real estate evaluations. Can anyone shed some light on why not to use it?
I just went into contract on my first SFR and the contract stipulates as is. No sweat. Now comes my inspection. I asked my agent if I can use any issues that come up in the inspection to renegotiate the price. She sai...
Hoping anyone that has bought from Fannie Mae can help on this. Just got a counter from Fannie Mae, and we are $4K apart. They are $2K down from list price. Since there were multiple offers and I have a financing ...
Hey guys!I recently bought a 4-plex of townhomes for $130k. It was grossing about $1750/mo and fit all my criteria, and overall looked like a great deal, so I moved forward with the purchase.My strategy so far has be...
Hey BP team. Have a question for you guys. I just recently closed on a rental property in LA where the zestimate was 660K (it sold for 640K last year in June) I managed to get the purchase price of 516K which I'm exci...
Background: I am a real estate agent who runs a flat rate listing company, meaning I make the same amount no matter how much houses sell for. For that reason I don't mind necessarily care if houses sit on market forev...
Hi everyone,
Good afternoon! I wanted to post a question to this forum.
I'm from Venezuela, living in Miami with my family. For many years, I've been studying and following this community to dive into the world of ...
Was listening to podcast by George Gammon and Robert Kiyosaki recently. They made the comment that with high market valuations for most RE right now, and record low interest rates, that the debt is now the asset, and...