Jerell Edmonds
Approved for 350k
Hello everyone, I have a quick question. I am looking for a (LTR) in my area and then to expand out of state for my next one. I currently have been approved for a loan of $350,000, but it is not enough for a multi-fa...
Paul Merriwether
Current Cap Rates on Multifamily
A 4 plex is for sale with a cap of 6%. I'm thinking OK that is what it has been for that area always. Yet with rates higher and banks paying 5% ON CD'S why take the risk with such a low cap? Shouldn't Caps rise to sa...
Dan Bellinger
Investing in Puerto Rico
Greetings all! In the future I plan on investing in some type of real estate in Puerto Rico. I have a lot of family on the west side of the island so preferably Isabela county would be where we would want to live or h...
Ryan Bolesky
First Deal Help, 2 family unit
Good afternoon, this is my first post on the bigger pockets forums. ive been a long time listener to the podcasts and have spent the better part of this last year researching, reading, and learning about investing in ...
Brandon Chen
VA Loan Multifamily Los Angeles County
Hey Everyone!I'm wondering if any veteran on BiggerPockets has ever utilized their VA loan to secure any multifamily property ( specifically here in Los Angeles County), i'm familiar with the process but just wonderin...
Gian Cunanan
Tapping Friends/ Family for funds...pro or against?
I'm curious to know if reaching out to friends and family for a private loan is generally a good or a bad idea.
If you do bring them in, what sort of interest rates and repayment structure do you offer?Thanks in adv...
Jorge Rivera
First BRRRR deal with family?
Hey BP,I'm ready to do my first BRRRR deal! I'm wondering if you all think it's a good idea to have my family as my first tenants? They're responsible so I'm not worried they wouldn't pay the mortgage. They have been ...
Luis Becerra
Re-Zoning of residential lot
Has anyone had any experience with the process of re-zoning a residential single-family zoned lot into a residential multi-family zoned lot?
I just put a contract on a lot zoned as a single-family, located on...
Kelly Thomas
Covid Buy Yields Big Rewards
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $515,000
Cash invested: $100,000
Sale price: $1,095,000
Purchased a SFH vacation rental in the middle of COVID ...
Kelly Byrd
Insurance for multifamily, changing after initial quote?
I'm new to REI, with just two smaller multi-family deals, a 12-unit and a 24-unit. In both cases, I went thru an insurance broker and the process went like this:Quotes came back, we accepted one. After closing and aft...