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26 April 2016 | 6 replies
The area is the Indian Orchard part of Springfield in Massachusetts, and this home is a bit above the median price in this market (Advice here)Here are the numbers:Three Family (Top Floor, 1bd, 600-700Mo) (Second Floor, 2bd, 800Mo) (First Floor, 3 BD, 1,000Mo) Roughly 2,400 income158,000 Purchase31,600 Down4,000 closing approxResulting in 126,400 loanP/I=603Sewer=100Insurance=84Garb=50Tax=233Building in 10% Vacancy & 10% Repair = 240/240 with a 120/mo property management 'just in case'That brings cashflow to 723 & cash ROI to 24%.
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28 September 2019 | 3 replies
I'm a new investor and right now my market is primarily Springfield, MA.
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19 October 2019 | 6 replies
We just recently started investing in Dayton (originally from Springfield) and are finding some good cash flowing single family homes.
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30 September 2019 | 1 reply
I’m located in Kansas City, MO. but I want to look into investing in Springfield, MO.
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3 October 2019 | 11 replies
@Nic Stergion Springfield
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9 October 2019 | 2 replies
I've had several people on BP ask me about events they should be attending surrounding multifamily / apartment syndication so I decided to compile a list of the ones coming up later this year.Q4 2019 Multifamily Events ONLY*NOTE* I will start another thread later on for the ones happening in the beginning of 2020October 11-13 @Michael Blank's Financial Freedom Summit in Reston, VAOctober 12 Multifamily Foundation Worshop with Jason Yarusi in Springfield, NJOctober 19-20 @Jake Stenziano and @Gino Barbaro in Orlando, FLOctober 24-25 Old Capital Conference in Dallas, TXNovember 9-10 @Devin Elder's Apartment Educator's 2-Day Bootcamp in San Antonio, TXNovember 16-17 Mark and @Tamiel Kenney's Think Multifamily Deal Analysis Workshop*Looks like December is a month off for conferences in multifamily.
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10 October 2019 | 0 replies
Is anyone near Nashville investing in Springfield or the surrounding areas?
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24 October 2019 | 11 replies
Erik are you investing in Springfield to meet to the 2% rule?
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13 October 2019 | 2 replies
I am a brand new investor from Springfield Missouri.
15 October 2019 | 2 replies
Just finished my refi on my own personal home in Washington State, I have $30k to play with, and I'm looking at the Springfield, MO market to do BRRRR and possibly rent to college kids.Anyone willing to share some information with me?