We are finally getting our business computerized and are running into a glitch. Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgage...
Here's a great article on what to expect in multifamily in 2019. "... with that inherent price pressure in mind, 2019 is looking more like a buyer’s market. Attractive multifamily acquisitions will be captured by buy...
There is a fine line between analysis paralysis and doing something stupid. Advice would be much appreciated!Duplex in Albuquerque. 1900 total SF, each unit 2 bd 1 bath.Asking price is $128,000, realtor thinks he can ...
Hello BP,I'm getting a lot of closer to owning my first investment property. If the deal goes through there will be some rehabbing done to the house. It would be a buy and hold for the long run. I am seeking wisdom an...
I am currently looking at a 4 unit property, fully rented. My model is to buy properties with cash, renovate, lease and refinance. If purchased and renovated at the right price, this allows me to get my money back a...
I'm working on learning about notes. I hope to start investing with performing, first liens to continue learning and then eventually branch out into seconds and non-performing. I've been studyIng and reading and loo...
Hello,I've a deal that came across my table for which the expenses are 80% of the annual rent. What is the recommendation as per the 50% rule ? Should I avoid deals that have too high ratio of expenses and rent ?Pleas...
Thanks for taking a look..Pre approved for 100k. 25% downProperty: 2/1 duplex upper lower, built in 1920. Has 1 tenant upstairs for 6 years, very clean tenant paying below market rent at 550/month. Lease is month to m...
Offer Price: $200KFinancing: FHA loan, 3.5% down payment (already pre approved for this home); 3.875% rate, 30 year fixedRents according to MLS posting: Unit 1 - $1310, Unit 2 - $1100, Unit 3 - $720; Total = $3,130Exp...
Hello Everyone. This property in Pittsburgh, PA is on market for $77K, but having analyzed it several times, it doesn't seem to work at those numbers. It has an ARV of 235k based on several solid comps in the neighbor...