I've had good success following the 1% rule on my sfh properties and am seeing good $$ flow (8-10% 1st year coc return on a 15 yr note) but I have not done a very good job analyzing properly my first commercial proper...
So i'm in uncharted waters, maybe one of you can help... I rarely pick an asset outside the norm for the area.
Area is roughly 1200 sqft homes at a 35/sqft price point. Average home 3/1.5. I'd call it a lower i...
Hello wise fellow BPers!!I am considering my first investment in Philadelphia and I am drawn to the East Mt. Airy neighborhood but have concerns about the demand for 3 bed 1 bath houses. What do you all think about th...
I currently live in a house that I bought with my second VA loan (financed 195k, 182k left on loan), that has a one bedroom apartment above the garage that I rent (no lease) to my Mother in Law. A property has come on...
I am on my third home that I flipped. This time I’m blogging it with some pretty funny blog material, tutorials, and just trying to track the entire event from looking at the house to closing on it, Working on it an...
Hello,
I'm looking to develop an empty 1+ acre land lot into small mobile park. So looking for developers who has done similar projects from start to finish. Developing drawings, getting approval from city/county, pe...
Commercial broker wants standard 6% and to sign exclusive listing. I already have a LOI that needs negotiation. What are ways to get out of an exclusive contract?I also have another broker that will do it for a flat f...
Hi Everyone! I’m finally almost done renovations on my three unit property and I have leases on all units. I want to do a cash out refi. My lender says they can do up to 70% LTV. I was just wondering how common 75% ...
Good morning everyone,I've got an opportunity that I've run numbers on myself but wanted to "Red Team" the deal to the community to see if there are any fatal flaws I overlooked. Here are the particulars:- Located 1.1...
Good afternoon all! After searching through the archives, there is plenty of discussion on 15 vs. 30 yr. mortgages, but very little on fixed rate loan products once you exceed your conventional allowance. I'm at my SF...