Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $286,000
Cash invested: $42,000
2nd buy & hold property, using a standard investment loan. See details b...
Wife and I moved into a house in dire need of repairs....wife wanted the house b/c she wanted a fixer-upper. What needed to be repaired was the kitchen needed to be completely redone (water damage ruined everything, l...
I use a very small local bank for all of my personal and real estate business. I was talking to the loan officer the other day about purchasing some more rentals.
She offered me a construction loan to buy and reha...
Hello to All,My business partner and I (both Realtors in southern Ca)have decided to take the plunge and purchase our first flip. After running the comps and walking through with my dad and Uncle (both in the busines...
The most fundamental metric in the commercial real estate space is, without a doubt, the capitalization rate or cap rate. It is calculated by dividing a property’s net operating income (NOI) by the purchase price (NOI...
Hey everyone,
I am considering my first 1031 exchange. PP was 900K, value now 1.5M. After everything is paid related to the sale, including mortgage pay-off, I think I have about 700K to spend. Both the relinquished ...
After completing my first cash only purchase (yay me!), I'm up to purchasing numbers 2 and 3, but I'd be looking to finance these properties given I've only got enough for either one more cheap cash purchase, or two g...
I am a newbie real estate investor and will be using a HELOC to pay for the purchase of a house including rehab costs. Couple questions below:
1. Should I be getting preapproved to get a cash out refi, will the banks...
Hello everyone,I'm attempting to close on my first vacant land purchase to flip and I ran into a snag that I can't resolve with any sort of confidence. Any suggestions or guidance would be hugely helpful in getting m...
Hey all,We are looking to make our first offer on a mobile home park. I would like to present the terms in a simple format prior to presenting any type of contract. Also, since we are offering a decent amount less t...