Hey all, I was hoping I could get some help in knowing what are the standards a property must pass. I am a Realtor helping a buyer using a VA loan. Must it be in perfect livable condition ? Are some blemishes ok ? To ...
What are some industry standards that I can apply to these areas when evaluating properties?
Variable expenses
Vacancy
Maintenance
CapEx
Management fees
Looking to do my first deal this year.One of the HML lenders I've talked to said these are their requirements for a newbie:650 credit score$10,000 in my personal bank account14% interest onlyIs this pretty standard ac...
Hello Bigger Pockets,I have a foreclosed triplex under contract for $24,000. (Other numbers below for those interested.) However, my real question has to do with a couple of red flags that we are seeing that may just ...
I often see a 2% selling cost subtracted from a residual value in the direct cap or DCF valuation method for commercial deals. Is this realistic? 2% seems low. Anyone know how this became a standard - the methodolo...
I have a question regarding bulk and density standards of business and commercial zones in Chicago. Specifically, a lot zoned B3-2. In this case, a minimum lot area of 1000 square feet is required per each unit. ...
Hello. When contracting a seller is it better to use state specific purchase agreement or a custom one? I want to use the Purchase Agreement template from Indiana Association of Realtors, but it appears they want to ...
I am a buy and hold investor, (typically) with a good understanding of finance, analysis and property management. The rehab piece I am learning. I am trying to put together a list of standard supplies for my propertie...
Hi, I won an auction for a property owned by Wells. The auction was for a house as-is, sight unseen. But, Wells sent me the PSA and the PSA has me repping that I've seen the house. Anyone have experience with this?...
Hello, I’m a 21 year old interested in investing in Real Estate. I’m relocating to the DMV area next month and I wanted to see what’s the best way to start my real estate portfolio. I was thinking about putting money ...