Raeshelle C.
Would you take out a business loan as a down payment?
On the mortgage of a n investment property? Here's an example. I found an investment property on loopnet.com and did analyzed the deal as an example. A 5-unit investment property with an asking price of $352K and an a...
Don Konipol
Tax Return falsification scam
So I just came across this fraud. Had a loan applicant who owned a motel. Received loan package including last years tax return. Asked for the 2 prior years tax returns, was like pulling teeth. When I finally got ...
Brennan Tolman
Equity Partnership vs Private Lending?
Hi everyone! I have a property with the following attributes (summarized) and am hoping to get some guidance on the best way to finance with my business partner. Property Summary:List Price: $230,000Estimated Monthly ...
Tony Nguyen
What rules of thumb do you use to buy apartments and why?
Hey guys,
I'm reviewing apartment complexes left and right looking to pick up my first one in the next 60-90 days and was curious to know what rules of thumb other folks on BP use to filter properties effectively?
...
Jason Jones
60 unit deal...
Purchase Price $856,000
Renovation Cost $550,000
Total $1,406,000
Q3, 2007 apprasial with quoted repairs $2,000,000
Expenses run 40%, plus vacancy (est. 10%).
Gross income is $330,000
Your thoughts?
Bruce Clark
Have a good property but I'm low on cash. Does this deal work?
Property purchase price is $100kTotal monthly Rent is $2,000After all expenses are paid, including management of $200 per month, the cash flow is $600 per month.I found this deal, but due to other pending deals, I do ...
Lucas Allmon
LA house hack and equity vs holding out for the deal
👋 I live in LA and I know this market is a different beast. Currently I live in a great location with a a low market rental price, but I am renting. My wife and I are starting to dig around for deals, though it seems ...
Calvin N.
Average Rents in your area
There are often discussions here regarding the "50% rule" for investors. I believe it is a good, conservative rule of thumb. As others have mentioned, though, there are variables in expenses in different parts of th...
Anne Laurenzi
Newbie with an opportunity for a multi unit purchase
So, a property near me just posted a few hours ago. It's 6 units. 1 duplex that is 2bed/1bath and a 4-plex that are 1/1 each. They want $120k. At MINIMUM, I could get $600 for each duplex unit and $400 for single unit...
Account Closed
Multi-Family Deal
Disclaimer: I have want to start investing and have listened to many podcasts. I have not actually invested yet but want to start. I am a REA and have access to our MLS. I have heard of the 2% rule and think I underst...