This is one of those posts just to get everyone talking. In my area like many, they keep building strip malls like there is no tomorrow.
Does anyone but me see a future train wreck here? This is my Oversimplified t...
I've been looking into the low income bonus ADU program and it seems if you buy a reasonably priced SFR with a good sized yard, you can construct at least 2 but up to an almost unlimited number of ADUs in a transit pr...
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...
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...
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...
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...
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...
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...
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 ...
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...