Dillon Vansickle
Help Determining Cap Rate
Hi all, I'm looking at a deal that's grossing $56,400 a year, with about 39% in expenses(factoring in new taxes). My NOI will be about $34,500/year. This building is in a more rural area, 30 minutes from larger cities...
Tom Suvansri
Property Types to Target
As a new investor looking to buy and hold, I'm still trying to determine which property types to target initially. I'm sure it could differ by market, but in general which property type would be best to start to get ...
Sendhil Krishnan
Can I 1031 from a syndicated land deal?
A group of investors including myself purchased land in the Midwest which has been developed for sale to be bought by builders. My question is I want to be able to 1031 exchange my proceeds from this development proje...
Omar Diaz
Should I use a portfolio lender?
Hello BP community, I discovered portfolio lenders recently and have been reading on what they are and what advantages they offer. My question is, can I/should I go through a portfolio lender for purchasing my first h...
Sunny Kapila
How to calculate price for Multi Family property
I am looking to get into buying a Multi Family property and have couple properties in the pipeline, need to know how exactly to calculate the price to make an offer, please advise!!
Arthur Mayer
Need opinion on a few notes:
Here are the few NPNs I was looking at purchasing:1st Note:State: IllinoisAsking Price: $1,750Balance: $62,724BPO: $13,200Delinquent Taxes: $7,8672nd Note:State: IndianaAsking Price: $2,000Balance: $56,603BPO: $18,000...
Abraham Kaplan
VA home loan for a multifamily property.
I'm looking to buy a 2-4 unit property using a VA loan. I have a couple of questions.
1. Does it matter what type of lender? Credit union, big bank or a mortgage company such as rocket mortgage.
2. My COE says my ba...
Bob Wa
California - Prop 60 move
As many know, under Prop 60 in California (may not last long in broke CA) I can sell my home and buy a home of equal or lesser value and maintain my current property tax rate - a substantial savings for me as I've be...
Justin Sadauskas
Multi-family Deal in Michigan
Hey guys - can you help me analyze this deal through? I am considering purchasing a 4-unit multi-family for $230,000. I would put $100,000 into the property. This would include completely remodeling all four units,...
David Taylor
LTC or LTV for down payment?
Good morning all,
I am trying to better understand what we should be basing our numbers on to determine down payment needed for a project using hard money? Example: If we have have a property that has a purchase p...