All Forum Posts by: Melvin Joppy

Where do i find the webinar replays?

Eduardo I would like to connect with you when you have some time. Thanks - Melvin 

Newbie looking for private money lenders. 

Hi Reginald - I'm a newbie and  currently looking at properties for purchase. Just wanted to speak with someone to understand what their process is for lending money. Once I decide on a property to purchase, I would like to move fairly quickly with funding. Along with sharing your process, I would welcome any advice, guidance, and recommendations.

Melvin  

Looking for private money lenders and would like to get the qualifications to receive private money.

Best,

Melvin Joppy 

@Christopher B. I Think i figured it out. I was putting the expected mortgage amount (which is significantly lower) in the "Gross monthly income" box instead of the median rental income amount in that same box.

I'm a newbie investor and I'm trying to use the BP analysis tools to figure out if a property would make a good investment. The problem is every property that I use has a negative ROI and negative cashflow. I'm wondering if I'm using the calculator right. Do most properties that you use the calculator for have a negative ROI and/or cashflow?

I'm a newbie to real estate and I analyzed this property based on the tools in BP. I know it's probably not a good deal but can anyone tell me why?

https://www.biggerpockets.com/analysis/rentals/92b96a94-1132-4efd-bebc-59f7a77c0136#what-s-the-----rule-