Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Daniel Baker

Daniel Baker has started 3 posts and replied 3 times.

Post: Finally making my first posts.

Daniel BakerPosted
  • Posts 3
  • Votes 2

Hello Everyone,

Joined a few years back and really like listening to the podcasts on my way to work. Lots of good information and entertaining too. 

Little about me. Right now I'm living in Baltimore, still working 9-5 W-2. Currently own three properties but looking to make my first sale. Didn't get into rentals on pupose but it's working out well and I want to continue to learn and develop my portfoilo. Thanks everyone. DB

Hello everyone, 

Looking to get a little insight into what things I should take into account when selling a property. Short version... I have owned this property for 8 years, 7 as a rental property. Monthly cash flow is positive. There is an offer to buy but if I include everything I've spent over the years, mortgage P&I, taxes, insurance, HOA, and recent repairs, I will just break even. How much net profit in general should I look for on a long term buy and hold rental property like this? Thanks in advance, look forward to being a part of the BiggerPockets community. DB

Hello,

I have a rental property that has increased in value by at least 40k. I would like to access this money but the bank said they can't do a second mortgage because my first is 70% of the homes value. What is the next best option?