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Earlier this month my partners and I purchased our first self storage facility and we are in the process of turning it around now! We had a question related to entry system (gate ect…) and I figured this forum could p...
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If you take out a 10 year commercial loan, amortized over 30 years, with a balloon payment at 10 years, what happens 10 years from now when the interest rates are definitely going to be higher than they are now? I'm a...
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Hello all,Have an offer on a property, since I am using the property itself for the loan I am wondering if the lenders I am prequalified with only offer loans with rates/terms I am unwilling to accept, would this trig...
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I am on the hunted for my first multi family property with my sister as my partner in the state of Washington. We are seeing a lot of properties with tenants that are on "month to month" leases. Is this a growing tren...
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Few of my friends and I are forming a Multifamily real estate syndication. We are at the stage of evaluating various markets. Can you please let us know what % of purchase price the General Partners usually contribute...
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Hello! For those who have STR's and have a 3rd party management company in place - do you collect income directly and then disburse a percentage to the management co for their services, or do they collect all income f...
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Hello, BP crowd!
I have a question when it comes to what your real estate agent should be providing. My husband and I are on the hunt for our first rental, most likely 2-8 units. When I ask for financials, sometimes ...
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Dear Community Members,I have got a proposal from an wholesaler for buying a property deal, so need your suggestions and advice on things to keep an eye on. As I am based overseas and will not be in a position to phys...
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Hello,I am planning to obtain a loan through the VA and purchase a four-plex around the Chicagoland area. Has anyone used their VA loan for purchasing a four-plex? If you have, I would like to ask if you can share you...
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I have been flipping properties for a while now but have stayed away from fix and flips. However, I have come across some properties recently at a good price that I think would only need about 10k to 15k worth of wor...