Nick Rose
Anyone doing BRRR using commercial loan?
I've run across a property that has two 4 unit buildings on one property. (8 total). One building needs renovation. Example:If cash purchase price is 70K, renovation is 40K. I rent out all 8 units. NOI is say 25K. ...
John Lee
Who do you use for your LLC checking account?
Looking to open a business checking account in Southern California (Orange County, CA). We have our LLC set up and close on our first rental property tomorrow.Looking to establish a relationship with a smaller bank t...
James Kojo
Is it customary to request financials before the offer on multis?
If I'm analyzing deals on multi's, should I expect to get the trailing-12 and rent rolls before I make an offer, or do I review those during the due-diligence period?Thanks,James
Jonny Morris
To use home equity or not...?
We bought for about $363k. Put down 80k on the house to avoid mortgage insurance.
We have now put about 50k into developing an apartment above garage as our "1st property" rental. The area is growing so I assume it ...
Robert Freeborn
Multiple Options to consider
Hi Fam,I have a couple ideas for how to invest in the upcoming year that I'm hoping to get some feedback on. For background, I currently have no RE investments, but my wife and I do own our own condo. We bought it two...
Daniel Brown
Short sale question
Hey guys! I have a couple of questions about a short sale. I originally found this property on the mls for 80k. It's actually in a really good area in the city and it's near a couple of schools. The arv comps for this...
Andres Osorno
Passive Investing - Researching Principals
Hi All,I am looking at platforms like Crowdstreet in order to expand my RE portfolio. I currently own a 4plex and a SFH, and since deals in my area are not what they used to be (i am very numbers driven and discipline...
Ramon Gutierrez
REMOVING PMI PROBLEMS
im currently in the process of removing or trying to remove PMI and I'm doing this by requesting a new appraisal on my home with my lender. I just recently thought of this since literally in my neighborhood my exact h...
Lee Divers
Cash out refinance for a paid off Commercial property
Hello newbie here. I have a multi use property( 2 storefronts 1st floor 2 two-bedroom apartments 2nd floor) that I bought cash with a cash out refinance on my primary residence. I plan to hold this property. It was ne...
Rico S.
3 Plex in Florida: What do you think?
Good day BP family,I actually should have been brainstorming with the BP family. A little about my goals and journey. I am a newbie but not at heart. I have been looking into small multifamily with plans for trading u...