Richard Townsend
Question about BRRR strategy
Here's what I don't understand about the BRRR strategy. I purchased a house for $100,000 a couple years ago with 20% down, and now it is worth about $180,000. After all expenses it has positive cash flow of about $100...
Chris Yeakel
Cap Rate Comps and True Value
Hi all,When purchasing a commercial multifamily, should one use cap rate to determine the “value of the purchase”, the potential value of the property, or both? For example; if I have a property selling at a low 6% ca...
Carolyn W.
Is this deal worth pursuing?
Property value after repairs $350,000-$360,000Estimated repairs ($20,000-$30,000) Balance of 1st mtg (Everbank) ($271,985) Balance of 2nd mtg (HUD) ($ 24,482)Cost to cure loans-est ($13,000)Est equity $10,533-$3...
Jerry Fung
Cap Rates for Large Apartment Complex are Lower. Why?
I am a new investor in New Haven, CT. I notice the cap rate for large apartment buildings (50+ units) tend to price at much lower cap rates than smaller apartment buildings (4-10 units). I'm referring to cap rates i...
Henry Zhu
Rate hikes, where to invest this year?
Rates are still historically low at 5%, but affordability/price to income ratio is at all time low also, same level as 08 according to FERD website.The same rental I bought last year at 3.5% in College Park, MD would ...
Robert Meyer
Mobile Home park evaluation
Hello all,After talking and networking with a friend I have come across a possibly strong deal, but am unsure how to proceed since I am new to investing, and definitely new to mobile homes/parks. He has first come acr...
Jacob Phillips
Analyzing Local Deals
Hello BP! This is kind of a loaded post so please bear with me:So I'm starting to really look into deals in my town. My goal is to invest locally and mostly self manage so I can gain experience. Eventually, I'll mov...
Sheri Prather
How to start to invest - long distance (Chicago) vs onsite (NJ)
Hello everyone!
I am fairly new to the real estate scene and have been silently educating myself through BP's forums, webinars, my own reading, podcasts, etc. I say fairly new because I own property in Chicago, curre...
Mitch Pascarella
Beginner Investing in First Multi-Unit
Good morning all,
I am relatively new at real estate investing. For some time, I've been reading & watching BP podcasts regarding rentals. I feel that I've done most of the ground work, minus actually buying a pr...
Patrick Rose
Front-loaded rent payments?
I have an applicant with bad credit, but high income (and under contract). He is willing to be flexible with a lease structure. I would appreciate any feedback on the idea of setting up an 18-month lease with the firs...