Sam Lee
Purchasing apartment: cash reserve
I have yet to purchase an apartment building but I want to know how much cash reserve you need when you first buy the building, and then when you are running it. Let's say the downpayment (20%) is $100k, how much woul...
James W.
What to offer on a cash loan from family?
I'm not sure if this qualifies as a "HML" or something else, but here's my situation.I have several properties that I'm interested in, I'd like to buy them all but I'm running short on cash.All of the properties cash ...
Jack Gray
Need Ideas to Give Two Side-by-Side Duplexes a Facelift
Any suggestions on how, specifically, to improve the exterior and interior appearance of these duplexes would be hugely appreciated. Each duplex is 1600 square feet. Each unit rents for $800/month so the suggestions...
Uzoma Nwankwo
Landlord Tenant Issues
I have a tenant who is breaking their lease, there was a leak in the apartment which led to mold, we fixed the leak and are fixing the mold but they are insisting on moving out. I offered to let them out of their leas...
Ryan Crowley
Quitting W2 job for full time real estate
Hey guys, been thinking a lot lately. I’m very intrigued by the idea of pursuing real estate investing full time. I’m nowhere close to financial independence yet, but I’m curious if anyone here has quit their W2 to go...
Yali Sharon
Contingency Question - Settlement date
Hey BPers!I am currently in the final stages of negotiations and hope to go into escrow any day now on a great deal. I am leaving the country in 40 days for 6 weeks and wondering how I should go about dealing with the...
Amy Parra
Will a hard money loan affect your debt to income ratio?
I plan to use a HELOC to buy my first property with cash in order to BRRRR. I'm wondering if this will affect my ability to refinance the property since it will give me a higher debt to income ratio.
If I use hard m...
Christopher Nelson
Purchasing a home with upgrade incentive
Hey all!I am looking to purchase a home where the buyer is offering 15k for upgrades at the buyers discretion.I believe the home will still be able to appraise for the offer price prior to any updates.Am I able to be ...
Nikolay Georgiev
Compensation from developer
Hi guys,I want to offer my land plot to a developer. The deal is as follows: I transfer construction rights to him in exchange for a share in the completed development. The planned residential building will have app. ...
Frank Manning
Any tips on budgeting Cap Ex and repairs on a Multifamily?
I am seeing two 12 unit Multifamilies in Milwaukee WI this weekend.
I’ve run the numbers a bunch and am having trouble coming up with a good number to budget for cap ex and repairs.
For Capex I have an estimate for ...