I am a lower middle class guy from Iowa. I stumbled upon real estate investing, and now I am looking to start. My wife is very scared of the idea has anyone else's delt with this and can offer some advice to make it l...
I understand that for a Fannie Mae conventional loan, if you don't have tax returns for a rental, most lenders will count 75% of your rent as income and the full PITI as your debt. The part where I'm not clear on is ...
Anyone complete any commercial refinance deals lately?
I have a 6 unit office building that I purchased in October 2019. It was rehabbed and fully leased by May 2020. Of course by this time Covid was here so my refin...
Hi there,I need some help analyzing this following deal in CO Springs. Your input is greatly appreciated.Multi apartment buildings, around 100 units total, 80+ 1BR/1Ba, 20 2Br/1ba, laundry, parking, pool, clubhouse, t...
At my local REIA meeting yesterday, I learned about a City of Memphis, TN proposed ordinance that has me concerned and I want to know if other cities out their have a similar ordinance.
Essentially this ordinance r...
Assuming that I engage a general contractor (who was recommended on BP) to do a rehab work on a property (nothing heavy, probably a 10K to 15K rehab work (external and internal painting, flooring, kitchen etc.), be...
My wife and are working hard to make career transitions into real estate investing. We are planning to do our first deal(s) before the end of 2015.I currently have a well paying job with a reasonably high net worth ...
I have started looking into opportunity zones and have found it to be very interesting under the new tax law. I live in California and right now prices are high and have started to level off in my area. I think if you...
I am having a tough time understanding how $250-300 per unit is adequate for a CapEx Reserve. For example, if an HVAC blows out, that’s a $3000+ expense and there goes 10 years of reserves. There are so many other ite...
Hey BPers,
I am looking at a 16 unit 2BR 3BR - which need at least $330k in rehab. Currently vacant.
rental income in the area goes for b/w 900-1100.
I was told I should be using income in the last 6 months to run...