Jerrmarco Rhodes
New Guy Needs help with multifamily analysis
I found this deal which is actually for 2 properties with a combined total of 125 units. This is priced at $2,800,000 . The listing says it has a cap rate of 12.84%. I divided the NOI by the derived cap rate(from the ...
Chuck B.
$100 per door... really?
Dear Pockets,
I've read a couple of times about folks saying they look for deals where they can get $100 per "door". I'm not completely clear on the concept... does this mean that you're buying highly leveraged ren...
Chris Potter
Analyzing trustees sales in the Western states
I have been buying trustee's sales in Utah for the last 8 years and they have dried up to the point where I have started my research on other western states. I am focusing on the states on propertyradar.com which are...
Samson Kay
My Agent just told me a 4 family owner occupied in Chicago is impossible to cash flow (if you don't own a flak jacket.)
Two trips to chicago, and 14 showings later, my agent dropped this little bomb on me.
"Given your commute and this market, a 3-4 unit building isn't going to cashflow enough to cover your whole "nut", you're ...
Kyle McDonald
150k help me find it.
This is where I am, in my investing:I currently own a mobile/rv home park 16 spaces/units. Its grossing around 8k a month. I am closing on a foreclosure in the next week or so, that I paid 78,500 for it. As of right n...
Cory Lader
Would you settle?
Hey BP! I'm wondering what you all think about this question.Would you settle for 5-10% CoC ROI in this high interest rate environment if the asset was located in an appreciating market?
Maleshia Gilcrease
fha 203K or homestyle reno loan
Good afternoon,I am considering doing a house hack using the FHA 203K or Fannie Mae Homestyle loan. I would like to either create an adu or house hack a multifamily that may need some work. Does anyone have any referr...
Jose Mejia
refinancing a property from hard money lender
Good afternoon,My name is Jose Mejia and I am looking to find a lender that is able to do a cash out refinance for a property that I invested in with my brother through a hard moneylender. I would appreciate any and a...
Daniel Levine
cash out refinancing strategy
I was thinking about a new strategy for growing a rental portfolio and was looking for some advice. I want to purchase REOs with all cash fix them up, rent them out, then pull my original investment out, or at least a...
David Chwaszczewski
Setting up a eQRP vs. SDIRA
Has anyone done an eQRP? I am looking into the company Total Control Financial, but wanted to see if anyone has setup up one with the company before. Seems like it may be better control of your money then SDIRA and ...