Karin Crompton
What kind of mortgage commitment do you require?
Hi all,
We have 2 properties on the market and will have a 3rd listed soon. When we get an offer, we want to make sure the buyer is qualified before we accept the offer and officially put the property under c...
Ryan K.
Minimum size for new apartment development?
What is the minimum building size and/or lot size for a new apartment building?I am analyzing a potential deal now. It is an old farm house and various outbuildings on 1.4 acres, but it's riverfront views and in-town...
Sib Bahjat
Pros/Cons of deeding a property to an LLC
I purchased a SFR property years ago and I financed it under my personal name. I then transferred the deed to my LLC. My CPA advised me to transfer it back to my name and not leave it in the LLC. His reason was that I...
Elias Kaplan
New to RE, NYC based looking to start in NY and/or Florida
Hi everyone,
I'm trying to get a sense of where I should start my RE investing career. I'm interested in New York due to my proximity, and Florida since I have family and a few friends that live in the Miami and Fo...
Scott Schaecher
Structuring conventional financing with a 50/50 business partner?
Hey BP community! Question regarding conventional financing when a business partner is involved. I have several SF's, and my brother does as well. We are looking to partner together on some 2-4 multi-family units, but...
Andrew Neal
Be your own hard money lender through your own LLC?
So a few months back on a different thread @jorge ruiz brought up this idea and I was curious if anyone has does this or if it's possible.You create an LLC. You buy a home. Your LLC gives you a loan for the home. You ...
Jacob Breazile
Home Inspections - What Extra Precautions Do You Take?
First, I initially came to this forum with so many questions I wanted to ask. Man, this is probably the first forum I've visited where a lot of the answers were already here! It's absolutely wonderful. Thank you. I do...
Jon Schwartz
Reasoning behind reversion cap rates?
Hi all,Does anybody have a reason why we use a higher reversion cap rate in our analyses besides for the sake of being conservative?I've heard that one should add 10 basis points per year to the purchase cap rate to d...
Chris Trupiano
College town investors - how do you cover excessive damages?
Hello BP,
I'm soon to close on a single family house thanks to my mentor. For my next step I've been thinking about house hacking a 4-plex during college, which I'll be entering this fall. My main concern is excessiv...
Jake Kucheck
If at first you don't succeed...
... then the late Aaliyah would advise you to dust yourself off and try again.
But how does this work with regard to selling your flip to your end user? If your first buyer is not able to obtain financing (fairly co...