Chinagolum Adigwe
First time investing in New York City (NYC)
Hi everyone!I'm a recent graduate (22) who is going to be beginning their career in Midtown Manhattan once the world opens back up. At first I was going to pursue the rental approach, but believe that it would be more...
Michael Weber
Is the financing a good deal on this property?
Hello Everyone,This is my first time posting here and was hoping to get some assistance in reviewing the loan terms I've received from a local bank. Are they good? Are they pretty standard? This is my first time se...
Rob Randle
My Business Plan - Feedback Appreciated
Background: I'm in my mid 20's and acquired a my first rental six months ago. I currently work in corporate America and will be self managing my properties.Strategy: Buy and hold.Goal: To make real estate my sole sou...
Elizabeth F.
LTV and NOI. How do I find out Property Vallue of Mobile Home?
I am looking at a MH in ohio. I am from NYC. Currently 18 units rented, 11 empty, owner offering seller finance 5-6 % with balloon in 5 years.
Not sure how to determine LTV or NOi, cap rate 11 percent.
How do I a...
Christopher Fougere
Cash or HELOC for DP
Newbie question, assuming 250k duplex with 25% down requirement.(62k)Cash reserves are currently ~45k70% LTV in my current home is 92k.How would you finance this first buy and hold? Does it matter where I pull the ca...
Lacey S.
How to overcome my DTI problem
I have been looking to buy my first buy and hold rental for about 18 months. I have enough cash on hand for a 20-25% downpayment and a contingency fund. I have an area and investment strategy in mind but when I went t...
James Syed
6 Unit Apartment Building, Is it a good deal?
Hello BP, I am interested in buying this 6 unit apartment building. 6 Unit Building, Each unit is 2 bedroom 1 bath, 725 sqftTotal rent $3400 per monthTaxes $459Insurance $250Repair & Maintenance $300Cap Ex $150Vac...
Doug Thompson
8-plex deal cash flows, but probably won't pass appraised value?
Hello BP, I'm a new investor. I have been studying, reading, networking and building my education. I plan to flip, as well as long term SFR and MF. I have cash from recent sale of my last startup company. I've be...
Nat Tagle
How to Raise rents to fair market?
I have a rental property that I've just taken over from my parents who are in their 90's. One of the tenants has been there for 18 years.5they are excellent tenants, pay on time, clean and never complain... however t...
Adam Eckhoff
Looking to purchase first property - Out of State
Good Morning - I'm currently looking to invest in a long term hold/rental property for some cash flow. I live in New Jersey and I'm currently looking to invest out of state... Let's just take Ohio for exampleStatus - ...