Mary Jay
Couple with delinquencies or a guy with out of country employment
Hi guys,
I need your advice please. I am trying to rent out one of my rentals and it is $500 per month , 1b/1bath house.
I have a couple of tenants who I run a credit report on and here is what Ive found:
1) A Mil...
Steve Cook
HELOC to fund Down Payment
Hi Everyone,After diving into real estate about 6 months ago, I've successfully added 3 properties to my portfolio. Each property is successfully cash flowing and has a 1-year lease in place. There is no major defer...
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...
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...
Sunil Kumar
$40k REO Condo - Originally 130k. Buy or Not Buy?
In a predicament. foreclosed loft sold for 130k in 2004, now an REO. bank wants 80k.
Taxes: 260+/mo.
Dues: 230+/mo.
All in all fixed cost to own the unit: $622
Will rent for $800 easily. $178/mo cash flow or $2136/y...
Jonathan Jewell
Making the offer. PART 2 I'm now under contract! but problem...
Hello fellow BP'ers Original post was how should I make the offer which is here. https://www.biggerpockets.com/forums/432/topics/47...<<<PART 2>>>I now have this multi-family under contract!!!, b...
Edward Salazar
Bought a 10,000 SF Warehouse, but is this even possible??
Hi everyone, I just bought a 10,000 sf Warehouse building from a distressed owner and would like to try something out. I did some renovations to it and brought some highly qualified new tenants that pay a lot more tha...
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...