Eric Patrick Oden
How do you value MHP with POH
Is it Cap Rate of pad NOI + resell value of mobile homes?
$103,200 NOI / 10% Cap Rate = $1,032,000
30 POH * $10,000 resell value = $300,000
Park value or sell/buy it for $1,332,000?
Sergio Rodriguez
Deducting Home Renovations After Moving and Renting Out Home
BP Forum,This question pertains to deducting my home renovations for renting a room and renting the house a year from now. I live in a 1300 square foot, 3 bed, 2 bath house. I moved in March 2017 and have updated all ...
Cory Gamble
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.
Ryan Frey
Back up hard money lenders?
We recently had a hard money lender back out of a land purchase deal we had under contract a week before closing date. We had already extended closing by thirty days at this point for due diligence as the property wa...
Sam Sopheak
Long Beach duplex (kinda)
Hey everyone,
Here’s my current situation.
I have a property in LA that I purchased from a family member. I do have a partner.
The property was purchased 18 months ago for 430k.
Owner carried the note with 50k d...
Account Closed
203k loan on Self Directed IRA
I am wanting to purchase a multifamily property in the near future. I am also interested In converting my Roth IRA to a self directed IRA. Is it possible to use a self directed IRA to purchase a property with a 203k l...
Sandra K Shirah
Bond for Deed - Opinion on Terms?
I'm a licensed broker in Alexandria just venturing into the rent-to-own arena, an option I feel is underutilized but would be popular in my area. I'm wondering if someone would be kind enough to share their Bond for ...
Eric Masi
Baltimore City Zoning Small Multi-Family
I just went down the the Office of the Zoning Administrator in Baltimore City today and I was told that units can't be added to a building in zoning codes R1 - R6 (e.g. you can't turn a 3 unit into a 4 unit). I know t...
Kenneth Williams
IMPLEMENTING RUBS ???
Good Afternoon BP! So I just got my first multifamily property under contract. Its currently a triplex (3/2, 2/1, 1/1). The 2/1 and 1/1 are both rented out with longterm tenants on a month to month basis and below mar...
Don Avery
No HOA Condo
I am thinking of making an offer on a short sale in a complex that has no HOA. A developer bought the apartment complex 3 years ago and began renovating and selling as condos. The bottom fell out of the market befor...