Monica Garguilo
Using mortgage pmt to determine cap rate
Hi - can somebody please explain why the mortgage expense is removed from the NOI when calculating the Cap rate? A mortgage pmt is a monthly expense, so if you account for it when you determine your NOI, why is it re...
Maurice Ilao
Buy N holding in low income/ high crime normal?
Hey everyone,I am obviously new here with my whopping 3 post in these forums but was wondering if buying in high crime/low income areas is normal for rental properties. I live in NY and these areas seem to be the onl...
Tristan Cortez
What am I doing wrong?
Hi BP,I've been analyzing deals just to get as much experience on finding a good deal. The problem is I'm putting properties into my excel spread sheet and my cap rate pro app and I can't seem to "make" any money if I...
Gianluca Carella
Wholesale contingency clauses
In a wholesaling agreement, is it possible to add a contingency clause to back out of the contract if you are unable to secure a buyer in the allotted period of time?
Chase Clemens
Submetering Water in Ohio
Hey BP Nation,
I am a young investor who has been hunting for my first property to househack in the Cincinnati area, and I am happy to report that I have a duplex under contract!! I am very excited to get started and...
Tim Silvers
LEASE OPTIONS & NEGATIVE EQUITY
Has anyone done a L/O on underwater property?
How does this sound:
If lessee/buyer/tenant exercises option, make the sale contingent on bank approval of short sale. If the s...
Karen K.
Hard Money Lenders-Maryland
I have been researching HML's and so far Lima One Capital seems to have decent rates for first time flippers (3.5 Origination Fee, 12% Interest, 70% LTV, 90% LTC, 10% Down). Does anyone have any other recommendations...
Tommy C.
4plex Land Acquisition: How much is too much?
Hi BiggerPockets,
I’m thinking of buying a piece of property in Detroit, MI (hear me out now) that could eventually house a 4plex. I know real estate investors have some negative feelings about Detroit but there are ...
Randy P.
DTI calculation for Mortgage, Rental income calculations
I am planning to buy a new rental property with a new mortgage(Conventional 30 year) but was wondering how my old rental property counts in my DTI because I believe my lender is calculating it incorrectly. I currently...
Brian Geiger
CAP Rates and Multifamily investing
What role does CAP Rates play in Multifamily investing when it pertains to evaluating properties?I heard from other investors that CAP rates are used for market sentiment and that Cash on Cash, Equity Multiple and IRR...