Sara Simpson
Question about using the equity in my house to buy a multifamily
Hi! My primary home is worth about $2M and paid off. I would like to draw $1-1.5M from it to buy a multifamily property with a 1st lien HELOC. The problem is that my income doesn't support a loan of that size and I...
Account Closed
Want opinions on a unique situation.
Hi, I have a unique situation that I feel I need opinions from people more seasoned in real estate & life than I. To get started I'm 23 my father passed away last year. His commercial real estate developer budd...
Bryan N.
Geez... my realtor threw 111 MLS listings at me
What is the best method for begginning to filter all this data. My thougts were:
1) Calculate mortgage based on purchase price and down payment
2) Apply 50% rule
3) Determine "potential" cash flow
4) Physical...
Justin B.
Mortgage Originations Plunge To Lowest On Record
New mortgage originations fell over 23% month-over-month and a stunning 47% year-to-date according to Black Knight (formerly LPS). As they show in their detailed presentation, with a 65% year-over-year drop, new mo...
Anders Nordberg
I cant get my rental unit filled
Currently I am trying to rent out my house hack and it has been over a month and I have yet to have someone apply to rent my unit. Currently the rent is 2000k for a newly refinished 4 bed 1.5 bath. I am not sure wha...
Jorge Vazquez
Why Most People Think It’s Easy to Find Profitable Flips?
People assume that whatever information is readily available is common. This bias skews our perception of reality. If you watched a show about flipping houses and the flipper in each episode makes around $40,000 to $6...
Vicky S.
analyzing my First Commercial Deal
Hi All,
I am working on scaling myself into the commercial RE and am talking to a prospective seller (they are looking to retire). here are the initial high level numbers:
Location: Chicagoland; Unit Type: B
# of ...
Porsche Thompson
1st Deal Down, Now What?
Hello BP Family!So I recently purchased my first multifamily property. Its a triplex that I'm currently house hacking. Me and my husband were able to get in with no money down thru our VA loan and we already got the o...
Brandy Y.
"Is There Anybody Out There" in South Carolina?
"Is There Anybody Out There?" - from South Carolina? (Sorry Pink Floyd)
Searching BP for members from SC, seems hardly any active members from SC. Is there anyone here who at least operates in SC.?
As you can see fr...
Rodney Buford
Frustrated - Refinance part of BRRRR
Good morning BP,I am writing this out of frustration partly and also maybe it will help someone else down the road. I was feeling pretty good about my first BRRRR project. Instead of paying someone else rent for my ...