Im looking to make my first commercial purchase a fast food restaurant with a new 20 year lease term at $1,575,000 and a 5.75% cap rate so around $90,000 of annual rent. I have a decent income tax wise $180,000 or so,...
I've never purchased anything other than a SFH, and I'm currently eyeing a few deals on 20-30 unit apartment buildings, which puts me into the realm of commercial lending for the first time in my life. For this scena...
If you had $1m...Would you rather1. LEND ITat 7% interest 1st TDs or 15% 2nd TD with equity, or whatever you have agreed with the Borroweror 2. LEVERAGE ITAnd use portions of the $1m as down payments to acquire other ...
I have some equity in a 3 unit rental I’d like to pull out. No lender that I can find is willing to refi a multi unit rental. Are there any creative ways to do this. Suppose I could move into one of the units? Anyone ...
Hi all, My name is Bob new to BP. I live in the Boston area, 15 minutes south of Boston. I am trying to get financing for my first flip, and have been shot down by 3 banks for a 30 year fixed rate ( not sure if...
Hello to all! I'm new to the forum and am loving it thus far. Kind of a generic title to the post. However, I am interested to hear what the veterans/other newbies would do with my situation. I'm going to be coming ou...
Having an issue with a past buyer that's making my blood pressure go up. Would love any feedback.We flipped a house that was a full gut renovation (hoarder, cat house) and sold it last May (pics here). The buyer was n...
Hi all! As the title suggests, I'm looking to gain some advice on how to connect with investors as a realtor. Kindly advise. Thanks!
Hello BP family, I am stuck between a rock and a hard place. I have no job at the moment with only $1000 in my savings account, fortunately my wife makes just enough to pay for our monthly expenses. So my question is,...
I am wondering if the Joshua Tree market is still worth investing. Currently there are numerous active rentals on the market based on AirDNA market overview. Additionally, the median sold price has significantly gone...