Hello BP, I'm looking to get started looking for my first property to flip very soon. I will be using a HML that wraps all points and fees into the loan, and hopefully will have no interest payments for the first s...
I am asking this question for two reasons:1. Is this what a healthy project looks like to a GC? Markup recommendations are all over the place from 20% to 67% and I don't know what is reasonable. I don't want to dea...
Members, Is there anyone on BP, that may know (or have experience with) what the expected cap rate for a 15 unit apt bldg in S. Miami, Fl, should be? Is this a reasonable question? It is across from the University of ...
I am a newbie to all of this so I am asking for some advice. I sent a yellow letter to a home that looked like demolition was in progress but was stopped for some reason. Yesterday, I actually got a call saying t...
My first DSCR loan experience was unexpected. I'm looking for guidance from this community. Is my experience normal?
I was given the loan terms verbally from a DSCR loan broker out in California for a cash-out refina...
Hi fellow investors,
I have several owner-financed mortgages in my portfolio with interest rates of 10% and higher. I’m exploring the option of selling these notes and would love to get your insights on a couple of k...
Hi BP Community,
I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:
Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Tim...
So we are trying to refinance our home and found out that we had an issue with the property and after about a month of dealing with the title insurance company we finally got the following letter:
I want to share m...
Hi, I'm looking into buying my first rental property in another 2-3 months. I'm looking around in my market to see what is out there, even though the listings will likely look very different in a few months. I'm get...
Are there any good advice, books, posts, or podcasts out there to teach us about the relationship between buyers, sellers and realtors and their roles and obligations to make transactions run smoothly?Currently I am i...