Darren S.
Need help analyzing a commercial RE deal
Hey BP folks - so I'm considering my first commercial RE investment (5 units). Here's the basics:480k price, 25% down60k annual rents 6k annual taxes3k insurance3k utilitiesGood location, low vacancy rate (assuming 6...
Edwin De leon
Where would you buy for home value appreciation Bronx Ny or CT
Why would be the reasons why you would recommend me to buy a 1 family in Bronx NYC, as opposed to PA or CCT ?The main reason I am considering Bronx NY is that I think the house value will appreciate higher in the ...
Christopher Koechle
Chicago - SpotHero Parking
Does anyone here use SpotHero to list any of their parking spaces? I recently joined a partnership with SpotHero earlier this year for my extra space and have had continuous issues regarding on-time payments and commu...
Dennis Degelmann
Buying property Subject To currently in probate
Hi all,I found a property where the owners are deceased and a $90k mortgage remains. Am I allowed to purchase this property ‘Subject To’ and take over payments, to relieve the executor of the mortgage payment burden? ...
Patrick Bartlett
accepting a holding fee
Hello allWe are considering accepting a holding fee from a potential tenant that will go towards his security deposit when he completes payment of security deposit and first month's rent by a specified date. If he fai...
William Barr
Seller-Financing - Agents/Attorneys
When setting up a seller-financed deal, is it usually recommended to use a real estate agent to facilitate the deal? For those that may have closed on seller-financing without an agent, how did you do it? Also, is it ...
Jake Walroth
AMEX offered me 25k personal loan at 8.98%- how to best use
So I was logging onto my AMEX Account to pay my bills, and I got a pop-up saying you're pre-approved for a 25k personal loan at 8.98%. They also said this wouldn't go on my credit score. I usually spend about 3-5k wit...
Daniel H.
DTI
I have a question about DTI calculations. I have my primary residence and also a multi-family rental property. I know my DTI not including the rental property but I am not sure how to factor in the rental property. ...
Devin Mann
how expensive is hard money?
say they are offering 4 points with 12% interest on a hard money loan and they are offering 70% of arv.this SFR is worth 300k ARV. Im purchasing it for 170k. Now how do the costs lay out? i pay those 4 points...
Sarah Jones
Possible Fraud with Security Deposit?
Hello! I own an apartment in Washington, DC, and have personally managed it for years, and I recently had some extended drama in paying back part of a security deposit to a tenant that had broken their lease.They clai...