We are about to purchase a 13-property portfolio of singles and duplexes under one packaged commercial loan with an interest rate of 5% over 15 years. The rate becomes variable at year 5. The one loan covers all of ...
So, I found a multiunit house and a single-family house both attached to each other, both owned by a church that put them up for sale. all units are already rented but lower than the market value. The single family ho...
I'm curious if other rental owners do or do not pay for hurricane coverage on their insurance policy? I have a house I just bought in Florida that I had quoted for insurance today. To add hurricane insurance would lit...
Hello BiggerPockets! This is my first post. :) The duplex that I am currently living in is for sale. It is in a good section of Cincinnati, OH. There are upstairs and downstairs units (both 2 bedrooms/ 1 bath) 1000 sq...
Stockton Deal Analyses – Estimating CostsA while ago I wrote a series of posts ranting about the current state of the residential income property market in Stockton, CA. In each post I highlighted a current listing an...
Hi everyone,I am currently analysis a deal in Richmond, VA in North Chesterfield. Its a Buy and Hold. This is my first deal, I am doing a buy and hold strategy for a 3 bed 2 bath house around the Midlothian area. Purc...
Labor shortages for skilled workers is being blamed for the increase in apartment construction delays. According to a Costar consultant, the average construction delay is approximately 5 months, up from 3 months in 20...
Hey everyone! Just wanted to gauge some thoughts on a deal I have in my state. 46 units 24-2 bedroom 22- 1 bedroom 2buildings, each have a shared laundry roomPP-$1.8 millRehab- $1-1.2 mill (confirming numbers this wee...
Hey everyone,
New here to bigger pockets, tons of knowledge here. I have been searching for a while now, but still always on the search for more info/or anyones personal experiences. If this has been done before, my ...
I've heard various estimates for closing costs, ranging from 2.5-5% of the property value to the $1500-$2500 that the BP calculator suggests. I'm assuming that all cash offers will be a bit cheaper than convention fin...