Jay Hinrichs
Market reports that all investors should be looking at
16 April 2018 | 6 replies
Out of curiosity, do you subscribe to any national brokerage reports?
Max Householder
Our First Investment Property: Year 1
9 October 2018 | 6 replies
I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.
Jack Young
Vacant properties driving for dollars, how to market?
13 March 2018 | 4 replies
Some questions to ask them: would you have any interest in selling, just out of curiosity why are you selling?
Jeremy Petersen
Question about qualification of a 1031 property.
23 February 2018 | 2 replies
Out of curiosity how long might someone have to hold the newly created condos as investment property before selling one, two or maybe all three and not raise any red flags with the IRS?
Krishnan T.
To Crossfit or Not??
7 May 2018 | 2 replies
I Try different workouts, curiosity takes me there.
Brian Bandas
What my business is missing: Marketing for motivated sellers
28 February 2018 | 14 replies
But then again, I know other guys in town who are doing 10,000 pieces a month and crushing it.Just out of curiosity, what are your criteria for what you're buying?
Ricardo Cristobal
Invest in Southern California or Out of state?
4 March 2018 | 36 replies
If I can control my curiosity, I won't be seriously looking at properties out there again until just before we visit in early April.That being said, when I WAS actively looking, I was looking at properties in areas that had rent comps upward of $750/mo for BRRRR opportunities and the usual hot up and coming areas for potential flips.
James Nix
Credit issue that I don't know what to do about it
10 March 2018 | 24 replies
If it’s a judgment I’m guessing you may have been accruing interest or fees for these last years since you haven’t paid it.
Julian Pilate-Hutcherson
What is your technique in reaching out to new realtors?
7 March 2018 | 15 replies
(but yet somehow I am still proud of it and want to teach folks how they can do the same, but obviously have more than 4... through the power of consistency)However, I just wanted to share my proud moment of having these 4 followers with you guys in Bigger Pocket, so maybe by just pure luck or perhaps by your very own curiosity you get to check it out to see what I think about commercial real estate world of investment and why on earth am I doing this...
Michael Guzik
Why hasn't BP helped with this question?
11 March 2018 | 7 replies
To locate absentee owners, I think often, it's a waste of time.Out of curiosity, I googled skip tracing, and there's quite a few discussions of the subject out there, and quite a few threads even in BP.My first job out of college was in the collections department of a finance company.