Jerry Rodgers
Adult Care Living Facility Operating Costs?
I am currently rehabbing a 4400 square foot home/building that I will be selling as an ACLF. It is currently zoned to have six ACLF beds but am pretty sure I can get approval for 14 beds. During this rehab, I hav...
Scott J.
Great tenant wants a cat
I own a two houses on one lot and live in one and rent the other. Our tenants of the last 18 months have been GREAT. Rent is always on time, they never complain, and the house is always tidy. In fact, there was a dirt...
Mansi Kothari
Help me analyze this deal in Brooklyn, NY
Hello there, I would appreciate some extra eyes on this deal. I've run it a few ways and would like to better understand if this deal makes sense in a market like Brooklyn. Welcome your thoughts and suggestions. Thank...
Jake Rayburn
Hold on longterm, or hold then rehab/flip
Hey BPr's! My name is Jake, and I am a seasoned construction manager, but a rookie when it comes to buy and hold deals. I have been a project manager on the building side for 12 years, so very familiar with costs, an...
Brian Bistolfo
Refinancing: Am I Being Ripped Off?
Hi All,Just got my loan package back from a lender and the fees for this refinance seem very high. Can anyone provide some context on whether all this stuff is reasonable?My credit score: 760Subject property: SFH in ...
Erik Timmermans
Should I stay or should I go
I need your experienced input on a duplex I am trying to close on and would like to add to my portfolio as an "buy and hold" property.The asking price for the duplex is 110k and the duplex needs about 15k in renovatio...
Patrick Senas
Adding a Second Bedroom, Increasing Sq Footage
Hello BP!I have my first purchase, a duplex, under contract and am looking to close by the 18th of August. I chose this place because the back unit is enclosed in a 6ft brick and wooden fence with a private yard. It a...
Matt Koury
Hard Money Lending & Refinancing
Hi GuysI'm a newbie and I'm confused with regards to the BRRRR strategy. If I'm looking for financing, do I use hard money to purchase a home, complete rehabs etc and then refinance using the bank's loan and to pay ba...
Antoine Justiz
House hacking but no cash flow potential
Hello Everyone,
I am thinking of "house hacking" a 2 or 3 family in the New York/Northern New Jersey area by living in one unit, but the numbers don't work in general for positive cash flow unless it's an area where...
Ryan Lee
Investment property loan 25% down or 20% down
Are the difference in rates for 25% down and 20% down?I see for Fannie Mae, investment properties, people can do as low as 15%.I'm wondering if rates are significantly different for 25% vs 20%.