Junior Siona
Not sure if I should sell or rent
New to BP. I want to buy a house in a nicer neighborhood. I currently own a house in C- neighborhood where they still building homes. So I’m not sure if I should just sell this house or rent it. My current loan is $18...
Stephen Spradley
Jacksonville MF Market
Hello BP, I'm looking for an affordable market in Florida to start acquiring some multi-families in the next few years. I'm from there, and usually make my way back at least twice a year. After some light research, Ja...
Jason Givens
Making Deals Successful
Hey BiggerPockets!I've been enjoying my time here for the past couple of months. I actually started down the path of looking into investing in 2-4 unit properties here on the Northside of Chicago. I ended up settlin...
John Jasko
fixed rate loans for investments
I've been told by a few local lenders that the only conventional loans available for investment properties (duplex or triplex, I will not be living in the property) are 15 year fixed or 5 year ARM. However, I hear/re...
Tyler Davis
Estimating Rehab Cost on Full Gut Duplex
I have a duplex I'm looking to purchase as a BRRRR, it's fully gutted inside but has a new Roof, Siding, Windows, Electrical Service.My question is how do I accurately estimate rehab costs for the :
- Electrical
- P...
Robert Carney
ROI on Paid Off Property
I understand that the first thing everyone will say is “Don’t pay it off and leverage more properties” but I’m curious how to correctly establish ROI on an investment property. If I pay it off, I’m at least saving the...
Clayton Moss
Estimating Cap Ex and Vacancy
I've been looking at some small multi family units in North Florida. During my analysis, I guess on the percentage estimate for repairs, vacancy, cap ex, and management. How do you all estimate these figures? In my op...
Tzvi Keisar
Can I use my LLC as the registered agent in MI?
I'm going to form an LLC in Michigan (Let's call it My-MI-LLC). The LLC will have a real business address.Can I use My-MI-LLC as the registered agent when filing with the state? Or does the RA must be a different enti...
La'Terrius Campbell
Pro Forma/Profit and Loss Statement
What’s the difference in a Pro Forma and a Profit and Loss Statement?
Account Closed
Renting out ADU+Portion of main house
Hi All,New to BP and have enjoyed reading posts and connecting with BP'ers! I am from the SF Bay Area.I am looking to build and ADU however my city has a restrictive ordinance on size i.e. 475sq feet & max 1 bedro...