Luke Badalaty
New Member/Investor from Philadelphia (Center City)
Hi All,My name is Luke Badalaty, I work in pharma, and currently live in CC Philly. I went to school on the Main Line (ChemE major), work in KOP and live in Philly now, so I know the area pretty well. My goal in rea...
Cody Feist
Lending on a 1-4 unit property
I am new to real estate investing. I am looking at buying my first property soon. I have listened to all the podcasts and read several books. From what I have gathered is that 1-4 units is considered a residential loa...
Juan Ayala
Refinance Exisitng owner occupied loan to conventional loan
BP FamilyLooking for some advice on my current situation. I have a SFH in Los Angeles that I purchased as my primary home, Sep 2016. I purchased it using my VA loan for about $325,000. I now have military orders movin...
Joe Pearson
Low Cap Rate and Cash Flow related Confusion?!
So, color me confused. For example, a duplex in Manchester, NH could go for $210k and both units could be rented for a total of $2,400 per month. That means the NOI could be $1,119.67, Cap Rate of 0.533 % and Cash Flo...
Nick Leamon
How Does DTI work within an LLC
Hey there BP Nation,I have scoured the forums for an answer to this question, and I have left more confused than when I started.How does DTI ratio work when you own some homes under your name and some in an LLC?My sit...
Brent Tomczak
I have a refinance question..
Hello, New investor here, currently in the midst of rehabbing my first 2 flat, and even though I'm only half way done, I'm starting to think about refinancing options. I had spoken with my original lender, and she w...
Pierce Fonville
Subject-to completion loan on a primary residence
I am looking to do the BRRRR strategy on a Primary Residence in DFW Texas but lenders so far have told me that my short term financing will have to season for 6 months and the value will be determined by the purchase ...
Dulce Beltran
Seller Carryback - How to Structure
Hi BP, I'm looking into a property and want to ask the Seller to do a carry back. The seller is the heir as the original owner passed away. The property has been vacant for years now and am curious how to structure a ...
Sheri H.
How many points should I pay on a hard money loan
We are still looking at buying our first fix n flip. Hard Money is the only way we can finance a loan. They are typically offering 13% then want either 4 pts at closing or 6 pts at sell. We thought the points were in...
Account Closed
Analyzing a 5 Unit Rental
Good Afternoon!I've been looking at a bunch properties and i think i've finally found one that would be a good first investment and i was wondering if the community at BP could help me out at all?It's a 3 story, 5 uni...