Luke Carl
Teach me how to analyze this random deal
Well. It's to graduate to multifamily. Found a random 10 unit. Monthly NumbersRent: $7400 Insurance: $811 Taxes: $524My questions: How am I financing this thing? 20% down? What banks do I call and what questions do I ...
Roy Kwak
How long to get a return on remodel for a rental?
First post! Hello BP!Sorry for the noob question but I can't seem to string together the right search terms to get the answer I am looking for.Here is the question...followed by the backstory.When investing in upgrad...
Jarred S.
Loans vs. Savings
Although it is not as bad as some college graduates I have acquired my share of student debt. My question to BP: is it more beneficial to save cash as a down payment on a first property or start cutting in whatever I ...
Edwin W.
Wholesaling to Large Private Developers Million Dollar Question
Has anyone or is it possible to wholesale industrial land/ warehouse to developers who will turn it into condo development and multifamily use in places like the Bay Area?
Brandon Stewart
Do lenders lend more than what the home is worth?
Let's just say the home appraises for 200k. Will they approve a loan for someone buying at 210? How about 250k if they put more money down? I know there are lot's of factors involved, and it depends on the lender. But...
Joe Schmoe
Cost to gut rehab a triple decker
Hello friends,I'm preparing for a gut rehab a triple decker to convert to condos in the Boston area. I will need to hire an architect and a GC to convert to three middle to high end condos. I'm looking for how to fac...
Shaniqua Dupree
$10,000 Mortgage, 20%Down, Navy Federal does it!!!
Hello BP,I am so glad that I can come and bring you this wonderful news. As i have been doing research on funding my flips I happen to call Navy Federal about refinancing my home and asked what the minimum mortgage th...
John Barkenhagen
Starting my investment plan
I am new to this community and working on getting into a position to start investing soon.
I have a very analytical mind, and want to compare some options/paths for when I have the funds to start investing.
What are...
Andrew Nguyen
Is Flip This House beneficial or hurting the REI community?
I get a lot of new investor clients who are hypnotized into thinking the only way to make money in Real Estate is to flip houses. I try to convince them that the long term wealth is in Rentals and they should be focus...
Kevin D.
Metrics to Evaluate a Property's Success
What are the best metrics to evaluate a property's success? ROA? ROI? ROE? If so, what is considered good?I'm running numbers on a perspective investment and I thought that >20% ROI would be considered highly succ...