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31 December 2024 | 13 replies
Basically this complex is six unit three-story and all one bedroom with 700 sq. ft. each. and street parking (no parking garage) Please let me know what additional info I need to provide to better helm me on this project.thank you
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19 December 2024 | 5 replies
While the numbers they provide might make sense under specific conditions, it’s always a good idea to apply a more conservative approach to ensure you’re prepared for the unexpected.For vacancy, the tenancy averages they’ve shared (3.8 years for C class and 6+ years for B- class) aren’t out of the realm of possibility, but I’d treat them with caution.
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29 December 2024 | 15 replies
Is there the option to rent a bedroom on your side of the duplex for additional income?
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23 December 2024 | 11 replies
If there are any modifications to their current contract, ensure that the lease renewal is shared with them in advance, clearly outlining any potential changes.
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31 December 2024 | 57 replies
In addition, I am considering changing my furnaces/boilers to have plug-in cords instead of being hard wired so that if there is a power outage in winter that I could power that heating system with a portable power station.
31 December 2024 | 15 replies
May I reach out to you with additional questions?
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7 January 2025 | 27 replies
Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.
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30 December 2024 | 89 replies
I am eager to understand the parameters and any necessary requirements to ensure compliance with your guidelines.If the corporate lease allows subletting or alternative rental arrangements I would love to come in and check the property as soon as possible.Thank you for your time and attention to this matter.
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6 January 2025 | 77 replies
Additionally, it drives people away from the forums.
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4 January 2025 | 23 replies
After a couple of years of treading the path to frugality to build this financial runway, I've networked with the greatest people who made this all happen, of course, it took the strength, determination, time, etc to place myself where I am today but, without the mentorship of my two great mentors whom I wish used BiggerPockets so I can mention, I don't believe I would have made it thus far relying on some whimsical dream that this will all pan out accordingly, thank you for everything Greg and Lashawn.In addition, I would like to thank Bigger Pockets for connecting me with the greatest realtor @Stephen Schmitt Who took my dreams and aspirations to the core when we first connected and spoke about my future goals to replace my W2 job for financial freedom. within three months of me deciding to pull the trigger and get pre-approved, we found this killer cash-cow that apprised over purchase price!!!