Every time I read about the strategy of assuming a non-assumable mortgage alarms go off in my head. I have read the whole philosophy that banks would rather have a paying customer than foreclose. And this little vo...

We are looking at a 116 unit apartment complex. The asking price is $4,950,000. The NOI is $484,000/yr. The seller will carry a 20% second. With 100% financing we should cashflow about $13,500 a month. That is calcula...

Hello! I have many years of W2 income with no gaps. Recently (April 2022) I left my W2 job to start working for myself. I have made a consistent income from my client of around $11k/month. I tried applying for a conve...

Good Afternoon All,Over my time in the industry I’ve encountered one question from new/newer LOs repetitively. Until now, I never actually realized I don’t have a decent answer to it now that I’m in charge of trainin...

Hi,
First time poster here.  My husband I recently purchased our first duplex using the BRRRR method.  We purchased through our LLC and paid cash.   We've been talking with different banks.  Do all cash out refi's in...

Hi everyone just wondering the opinions on the best companies out there for DSCR loans? Trying to buy a 3 family that needs some TLC maybe do a BRRR. I have talked to so many lenders around the same like 7% with 1-2 p...

I know it's always changing. Based on the little research I've been doing I hear that Florida and Pennsylvania are currently great states to invest in. Something to do with the ratio of the average income of the indiv...

(ARV x 65%) - Repair Costs = Maximum Allowable Offer. What do you do if the math makes the MAO so ridiculously low that the previously "motivated" seller becomes not so motivated? Example: ARV $162,000 X 65% = $105,...

Using the 50% rule as an example, on a house that rents for $850.So $425 goes to expenses/vacancy. Is it best to deposit this portion in a separate bank account? So for those that have multiple properties, are you usi...

Hi,I would like to start off by congratulating the founders and members of BP. To think about building a community to connect people with interests Real Estate is a good idea on paper. To actually build such a communi...