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21 January 2025 | 59 replies
$120,000/0.06 equals $2,000,000.So in my mind the target should NOT be cash flow but rather building net worth.Despite what the gurus say, sufficient cash flow to be financially free can only come once one has sufficient capital to invest.Let’s be clear I only buy apartment propeties that cash flow but immediate cash flow to put spendable dollars in my pocket is NOT the primary goal.
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14 January 2025 | 27 replies
They are over 300 years old and have deep pockets which allows us to self fund all our build projects and get better deals and bulk pricing in materials and other services We can pass these savings on to our buyers.
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1 January 2025 | 22 replies
My 2 cents FWIS: You have three colors going right now and should stick with a 60-30-10 rule.
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1 January 2025 | 7 replies
I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps?
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19 January 2025 | 18 replies
Setting aside the whole "cash flow" thing for a second... if you add up your down payment, closing costs, and any rent ready and commission costs... it seems like you are probably around $80-85K out of pocket total.
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2 January 2025 | 2 replies
My options are very limitted and the situation is very draining even I follow the bigger pocket advises and I unvested a lot of time in learning and also have years of experience with tenant.
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30 December 2024 | 0 replies
In fact, more than two out of three homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity in their homes (shown in blue in the chart below):And that’s a big deal.
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31 December 2024 | 66 replies
The issue is that if a contractor can deliver all three, their business will blow up.
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10 January 2025 | 13 replies
I'm new to bigger pockets but I'm not new to real estate investing.
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18 December 2024 | 4 replies
Quote from @Eric Huang: Hi BP Community,I’m excited to be back on Bigger Pockets!