14 May 2018 | 8 replies
In a nutshell, work with a local resource as they have more specific information to give you than a generic online site.
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16 May 2018 | 7 replies
@Bill Regan I reached out and it turn out someone snapped that deal up, it might have even been someone from this site!
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3 May 2018 | 13 replies
Welcome to the site Andrew.
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12 May 2018 | 8 replies
Use zillow or redfin to "browse" recent sales or for sale properties to also give you a better idea about sale prices, or zillow/apartments.com/zumper/etc to get an idea of prevailing rents in those areas.Try to find a local landlord / apartment owner / real estate investor club where you can talk with others about where they are investing in the local area.Find an agent experienced in working with small property investors.
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10 May 2018 | 4 replies
Most investors on this site are residential with a few commercial sprinkled in so when BP develops software to use that is likely the main focus residential first.There are tons of software for commercial analysis to use out there.
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21 September 2020 | 5 replies
Stumbled upon the site after I found J Scott's book on Amazon.
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17 October 2018 | 37 replies
Because of this limitation, the properties with ADUs in my area of investment are being comped at a discount compared to duplexes which seems reasonable because a duplex can be purchased by a house hacker or an off site RE investor but the ADU can only be purchased by a house hacker/home owner.Check this for your area.
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12 May 2018 | 6 replies
When I inquire with lenders I give them the following info:Property: Investment rental (non-owner occupied SFH)Credit Score: >740Loan Amount: $80-$120KRequired LTV: 80%While im on a site like Zillow looking at properties, Ill often try to to look up rates (and APRs) and after entering in the information above I see numbers in the mid to high 4s.
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3 May 2018 | 3 replies
@Nicholas Cooley there are a number of tools on the site that can assist you.
3 May 2018 | 4 replies
A good primer on tax-advantaged accounts (IRAs, HSAs) can be found on the Mad FIentist site (https://www.biggerpockets.com/forums/846/topics/563476-ep-18-accessing-retirement-funds-before-59-1-2-w-the-mad-fientist, https://www.madfientist.com/ultimate-retirement-account/).My background: I worked for many years as an independent contractor through a temporary help agency.