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7 December 2024 | 25 replies
Last year I bought a rental house but the agent I have does not have any Experience in multifamily properties.
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3 December 2024 | 1 reply
It’s a beautiful custom home, one of the nicest in a so-so Oakland neighborhood ("biggest house in not the best area").Here’s the context:- Bought in 2014 for $590k, appraised in 2022 for $1.2m.- Located in a C- to B neighborhood—close to amenities and mostly safe but not for everyone.- Converted to a rental in 2024; initially rented for $4,750/month, but tenants moved out, and the soft Bay Area rental market has made filling it challenging.
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3 December 2024 | 12 replies
So, if you were moving far away, I wouldn't keep the home just to have an investment property because if you own in NJ and bought more than 2 years ago you should have groundswell of equity to move into a better cash flow property.
30 November 2024 | 4 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
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3 December 2024 | 3 replies
Individuals who bought real estate during a recession have seen their property values and cash flow nearly triple. #2 avoid sowing seeds of failure in the good times - Many investors fail due to investing in prosperous markets.
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1 December 2024 | 10 replies
Buyer of note does not do proper due diligence and finds they need something resigned from an owner of the note down the line and think the person they bought it from needs to get that document for them.3.
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2 December 2024 | 11 replies
If this were my deal the sale price on a triplex would likely be around $900k, so if I bought the land for $150k, and my build costs were about $500k, I would expect my interest and carrying costs to be about 10-12% of the total of that, so lets say $75k, for all in expenses of about $725k.
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28 November 2024 | 14 replies
And finally, while there are likely some pro accounts that will only give you discounts if you are licensed, most will let anyone sign up, and are often based on volume spent at that store anyways.
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26 November 2024 | 3 replies
I just subscribed to Pro, but I seem to have 2 different accounts: one for this part of the site and another for the store.
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3 December 2024 | 51 replies
I bought one of the Duplexes in Lubbock.