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Hey folks,
Here's the scenario, I've got some friends that want to buy a condo on Pensacola Beach as a short term rental, but they don't have any real estate experience and they want to bring me in on the deal to man...
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I’m looking at an 8unit apartment building, 2bd/2ba each. Asking price is 359,000. Conservatively I’m assuming $550 per month rent. 1 unit is vacant. I expect about $80,000 in renovation costs. $439,000Rent $4,400Mort...
Can someone explain this to me. I feel like I’m getting something foundationally wrong.
From my understanding, a properties value is NOI/cap rate. Is this correct?
What I’m not understanding is, it seems like the hi...
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Hello friends!I’m trying to get creative on a home purchase in Raleigh. I’m looking at a single family house on a 1 acre lot in an area with no HOA. The house itself is built close to the right side of the lot, leavin...
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I have learned through posts that it is quite hard to close a reo property. I have seen information about land trusts but I am not sure how to obtain one, or what their purpose is regarding closing the deal. Could som...
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I have a property that produces $539 positive cash flow each month. My question is, when I run the numbers, it shows a negative Cash on Cash return. I believe this is because I borrowed more than the value of the pr...
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I just filled out the Airbnb section here, on BP, to see how much the BP system would calculate our already existing Airbnb property (just for fun to see how accurate the system is). According to BP calculations, our...
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Hi all--Mortgage 1) interest rate 3.5%, $10k left to remove PMI (purchased as residential, now use as an investment property)not cash flowing, but will be if I removed the PMI (cash flow would be like $50/month)Mortga...
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Hoping one of you BP'ers may be able to connect me in Seattle, Washington. I have a piece of property on a double lot, there is an existing SFR and grandfathered ADU on one side, the second side is just open yard. I a...
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Hey Lenders,I currently own 17 doors in Little rock and surrounding areas and i have about $530k in equity at current market price factoring in the appreciation at a sale price of $1.5 million and the loans are 5/20 a...