All Forum Posts by: Anhtuan Pham

@Gary Parilis thanks for your reply

1.  Closing cost is a rough estimate. Seller will pay for title insurance.  I will be looking at the property today to estimate what repairs will cost.  

2. I will be managing the property, but figured down the line I will be using one.  I will make note of the 8-10% for future analysis. 

3. I did not account for leasing fee, figured I’m doing it myself. But I should account for that as a monthly expense. 

4.  4.75 was what I got from the lender as of now.  I havent locked in yet so it can change.  It’s a conventional loan for 30 yr.  I called around my city and some banks and credit union were only offering 15yr.  Apparently COVID is the reason.  

Let me know how this deal looks.  4plex, Im trying to be conservative on the numbers.  BP insight is telling me $749 is the average i can get for that area. I went with $650 instead.  

https://www.biggerpockets.com/...

@Josh Mitchell thank you

@Josh Mitchell thanks for the response. Another question

So if I looked up the county appraisal of the property. It’s saying it’s worth 150k but the seller is trying to sell it for 250k. I know county usually appraises lower. Is the seller just trying to get the most for his property. I would like to put in an offer but don’t want to offend the seller.

Hello bp community. I’m a newbie real estate investor. I’m wondering how is everyone performing comps on 2-4 MF?

Are MF over price right now?

@Stone Saathoff

Haven’t thought about buying from wholesalers. Can you give me some more info. I am looking into getting my first investment property.

@Leopoldo Vazquez

Hey. Would love you pick your brain about investing. What part of San Antonio are you from. I’m up in Cibolo.

I’m new to real estate investing also.   Looking to connect and brain storm.  

@Nathan G. thank you for the reply. When you say other questions I should be asking, can you give me some examples?

Looking into buying an investment property.  Property had foundation that was repaired in 2009.  Is it worth buying?