James Yancy II
Using a suggested hard money lender.
With all these up front fees, what is a good hard money lender that doesn't require a application fee? I feel that these fees should be included in the closing not up front. A little understanding goes a long way!
Brent Hill
Duplex in Gainesville, Florida
Looking to purchase my first duplex in Gainesville, FL for a rental. Duplex is in "Phoenix" subdivision of 32608 area code. I would say C-/D neighborhood.I need everyone's input on a deal that I'm in the process of ...
Michele Rok
need help structuring an Reo
3 questions:1. Can i have an agreement with the bank on a reo if my credit is bad and i have now income? Should I bring in an agent?2. How can i estimate ARV if seller will not allow me to walk through sue to tenant o...
Tram Ambers
Newbie real estate strategy Orlando
Hello BP,I am totally new to real estate and I am trying to figure out what the best strategy is for my first property. I really like the idea of a multifamily but I am hesitant about having to live next to tenants. W...
Schneur Yecheilov
Rent controlled building
Hi,I found a great deal on a 6 unit building in Brooklyn NY. It is a rent controlled building for another 6 years, then the rent control falls off as well as the tax abatement. Its under the SIP Special Initiative Pro...
Bobby Shell
When syndicators nurture relationship, what do you like/dislike?
What do you like to find out from syndicators as you wait for the right deal? What information do you like to receive in emails and communications? Is there any info that is must know, or are there any bits of informa...
Brett Hennessy
Upgrading Huntsville Venture
Investment Info:
Single-family residence buy & hold investment in Huntsville.
Purchase price: $245,000
Cash invested: $79,000
Attractive B class property within 1 mile of HSV medical district.
...
Sarkis Boyadzhyan
Can anyone explain the concept of BRRRR?
Made up example:(Using a private lender)Purchase price= $60,000Repairs= $15,000Closing costs= $4,000ARV= $120,000Loan amount after refinance @ 75% LTV= $90,000Closing costs/interest after refinance= $6,000What was the...
Stephen Jones
12 unit multifamily in Midwest area
BP,
I am in the process of purchasing a 12 unit multifamily property, I am wondering what investors in my area (Midwest) would pay for this particular 12 unit property? I just want to make sure I am not overpaying ...
Pete Abilla
Does BRRRR work in low-appreciation markets?
I'm looking at cash flow markets (ex: Cleveland) & have a few BRRRR opportunities in Class C neighborhoods. In low appreciation markets, how effective is BRRRR? I'm particularly curious (concerned) about the refin...