Ethan Brown
How to Determine Your Buy Price
Hello everyone! I have a few questions regarding how you determine your "Buy Price." (I'm looking for long term rentals right now). I'm assuming you all use comps to determine this, but do you use components such as a...
Coley Mitchell
1031 exchange to get out of little-to-no equity property?
Hello,I have a 2/2 condo in a large 340-unit condo conversion property in Savannah, GA that I am dying to get rid of. Originally purchased in 2006 (at the tippy top top of market as I was getting out of school) as pr...
Forrest Holden
Cash Out Refinance Rates, Amortization, and Strategies in Texas
I am about to conduct a cash out refinance on a rental property in the state of Texas. The property has a note on it for 61k, I plan to put a new note on the property for around 100k to replace the old note when I...
Scott J.
Great tenant wants a cat
I own a two houses on one lot and live in one and rent the other. Our tenants of the last 18 months have been GREAT. Rent is always on time, they never complain, and the house is always tidy. In fact, there was a dirt...
Frederick Rauh
What are typical terms for permanent financing of medium to larger multi family?
Hi all. I am working on the feasibility of a joint venture multifamily development. I would like to re-finance into long term debt once the project is finished using a DSCR type loan. Is it possible to get fixed rate ...
James Humphrey
Finding cash flow in the Denver market with long term rentals?
Hi everyone, I am brand new to the BP forum. I currently own one STR in the mountains outside of Denver and am looking to purchase additional investment properties. I would like to purchase long-term rentals (ideally...
Michael Voils
Unorthodox House Hack?
In this economy the value of my home has skyrocketed. I am eligible for a cash out refi of about 100k. Would it be practical, smart, ridiculous or whatever to cash out and use that money to purchase a rental property?...
Ndy Onyido
Kansas City housing forecast for 2016
Hi BP Nation,It looks like the recent gains in property values in the Mid West region will be sustained in 2016. According to new report published by the Wichita State University Center for Real Estate for Kansas Ci...
Isoke Craig
Rookie Mistakes & Lessons Learned
Often successful stories are shared & while we can learn from wins, I often find I learn more lessons from failure. So I wanted to share my experience with the community. Thanks for reading this is long! Buckle up...
Carlos Rodrigues
Purchasing a property with illegal bathroom
Okay I know I asked a different question earlier but I have another one considering anther situation. So this Multi I want to offer in Kearny New Jersey (NJ) has an illegal finished bathroom in the basement and finish...