I am looking at potentially purchasing an apartment building. I have looked at several of the pro formas here on the site as well as others, but am struggling to analyze a second loan for a PML from these spreadsheets...
I'm trying to close on a complex property right now (Monday is deadline for pre-qual!). There is a 100+ year old farmhouse, a mobile home, and 3 garage/shop outbuildings. The mobile is paying $750/mo now and I think...
So I am an aspiring wholesaler and I have been driving for dollars and will begin building my Buyers list soon, but I've been thinking about something. I'm not an agent so I don't have access to the MLS which I know i...
Hello! New to this platform, and new to owning rental property.For a traditional yearly rental with a security deposit -- I read that if you hold the security deposit for more than a year, you must also provide intere...
Hi BP'ers,I'm onto a multi unit, non-owner occupied, investment property in Illinois and am looking for mortgage options, preferably 20% downpayment or less. Is this possible??Thanks,Chris
I am thinking about purchasing a rental property that is located on a street that is about even with rentals and owner occupants. The particular street is lined with these smaller (~1100 square foot) almost garden sty...
Hello,
I did some research and this seems like a good way to go for multi-family financing. Does anyone have any more information on FHA apartment loans? What are the requirements, any advice would be great! Thanks
Thanks for any suggestions. I am interested in a property that has an upper and lower level living area. It was built in the 1980s, but only the upper level was ever finished. The owners (original) have lived there al...
I and a small group of investors (in a traditional LLC or series LLC) plan to construct a duplex at $.90/sq ft. Post-construction we expect FMV to be $1.20/sq ft. We will capitalize the LLC with the requisite 20% equi...
Hey everyone! I’m a second year law school student and I want to start investing in real estate. However, due to my dedication to my studies, I don’t have any income at the moment. However, I do have $35k and have bee...