Kristen Williams
My Owner Building Portfolio, Asks Me for a 3% Discount off PM fee
We have worked hard to build our relationships over time, with owners and investors, and we are even expanding. We have done this by evaluating workload, and setting fair Property Management rates with our owners, on ...
Account Closed
Investment Near Noisy Train
Interested to get advice on what range of discount people have seen on properties that are adjacent to loud public transportation.
I'm looking at a brick 3-Flat in Chicago that is immediately next to the elevated tra...
Kyle P.
Online lenders vs local lenders for conventional loans
Hey all,I am looking to buy and move into a 2nd property (my first SFH will be turned into a rental). I am looking at some local brokers/banks and can get around 4% for a 30 yr conventional 5% downpayment. I am seeing...
James Saturley
Help understanding (maybe) CAP/NOI/PRICE
Hello BP. I'm not sure if I'm having a difficult time understanding the relationship between Cap rates, NOI, and Price. Maybe I'm not, but the prices that multi-family units are selling for in Tampa, don't make sens...
Account Closed
Mortgage Note Question
Own a 1st mortgage note of $34,000, with payments of $283.34 a month at 10% interest only, paid 8 payments on time, $34,000 is due June 30, 2018, with 28 payments due, $7,933.52. If the note goes to maturity, the not...
John Vela-Garcia
Need Insurance Broker for BiggerPockets Study!!!!!
Hello BiggerPockets community,I am currently working on a study for BiggerPockets and I am having some trouble getting up to date data for average insurance rates across the country. For example, what is the average p...
Brian Erlich
Have you had success with e-mail marketing?
I sent out my first email last week. I think it was successful in that we got 63% open rate and a 12% click rate. We didn't get any bookings from it though.What are you sending to past guests? We sent a special off...
Bhanu Kuna
Buying Discount Points
Hi Everyone,I'm in the process of executing my first BRRRR. I'm obtaining financing for the property and will then do a cash out refinance.Should I be buying Discount Points on the first loan? To keep overall costs do...
Tal B.
IRR v. Cap Rate
Hi all, I was wondering if someone can explain in clear and simple language how is a Cap Rate different from IRR. I understand Cap Rate (NOI/Asset) and kinda understand IRR. Correct me if I'm wrong: It is when the ...
Chase Luckett
First Deal Questions
Hello, I am 22 years old and negotiating my first real estate investment. I live in Owensboro, KY. I have some questions that I would love feedback on. My grandparents own a rental property and I am negotiating buying...