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21 March 2024 | 34 replies
It may make sense to "overpay" for a property that won't cash flow initially if you know that the value of that property will skyrocket in a couple years (say, because Amazon is building its new headquarters a bus stop away, or you're a geologist who knows there's probably oil under that grass).
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17 March 2024 | 2 replies
If there are additional expenses they need to be taken into consideration such as if you are paying for water/sewer, gas or oil, trash, plowing or lawn care, HOA fees if there are any, CapEx, maintenance, vacancy, mortgage, taxes.
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16 March 2024 | 8 replies
I work as an electrician in the oil field right now.
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16 March 2024 | 15 replies
Here is the answer to your question: https://www.biggerpockets.com/forums/51/topics/998718-explai...Short version: CPA service is not a commodity like an oil change, and even oil change can be messed up or damage your car.
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15 March 2024 | 7 replies
@Jinesh Patel - whatever you do, don't go with one of the national snake oil salesmen....I mean "gurus".
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14 March 2024 | 2 replies
I have one oil company that’s charging $4.24/gallon of oil right now and my commercial oil rate is $3.16 right now in other towns which when you fill up a tank is the difference of about $150 per fill up.
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14 March 2024 | 2 replies
I’ve also been reinvesting capital to help reduce my overall expenses by replacing existing oil furnaces in 3 buildings where I pay for the oil to individual propane heaters that the tenants will pay for their own heat going forward with.
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12 March 2024 | 7 replies
@Michael Oliver, some DSCR lenders will go down to a $75K value and a $50K loan amount.
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15 March 2024 | 31 replies
Others got sold snake oil by a good marketer.
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11 March 2024 | 3 replies
Susceptible to all of the items listed above, plus snake oil schemes, and outright frauds.Also, the "Double-Downer" - They DO get started, but once started, can't stop, and just continuously raise more and more money, for ever increasing "doors", and bigger, and different deals.