27 November 2017 | 4 replies
The market I live in now is pretty expensive the average cost of a half duplex is about 300000$ which makes it difficult to first, come up with the 20% down and second to be cash flow positive.Multifamily units do come on the market at around the 500k-650k range, small 2 apartments I can find for about 150K, both that will produce cash flow.
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25 November 2017 | 7 replies
If the tech industry experiences any rocky road that growth could slow down quite a bit.
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26 November 2017 | 14 replies
Best is 4 months, average 6 months.
30 November 2017 | 10 replies
Jim Rohn said "You are the average of the 5 people you most associate with" Who are you associating yourself with?
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30 November 2017 | 11 replies
in a case where you have several tenants break down the monthly utility bills and average it out.
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26 November 2017 | 1 reply
How often is it booked on average?
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9 November 2018 | 6 replies
industrial?
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29 November 2017 | 6 replies
I'm wondering if there are other BP'ers willing to take a look at one of my deals to see if there is something I'm missing in the analysis or if there are assumptions within my deals that I'm underestimating.Here is the link to the deal - https://www.biggerpockets.com/calculators/shared/916449/7da6c614-e8cc-41b9-9e15-965565b159baAbout the assumptions:This is the Charlotte NC areaPurchase price shown is the current asking priceProperty taxes are from the assessor's office and the monthly income is the average for 2 beds in Charlotte.My goal for deals is cash flow.Any and all thoughts/suggestions are welcome!
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26 November 2017 | 2 replies
As a REALTOR I recommend the seller accept no less than 10% of purchase price, above-average interest rates, and a shorter term (5 - 10 years) though it can be amortized at a longer term (20 - 30 years).If you are the buyer, I recommend get the most favorable terms for you.
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27 November 2017 | 2 replies
Most MFRs I've seen are at 0.6% - 0.8%.Look at MFR sales in South BostonIn 2013, there were 39 units sold, with an average price of $727,949 and 37 days on market.In 2016, there were 36 units sold, with an average price of 1,272,467 and 50 days on market.A 73% increase in 3 years.3 bed rentals in South Boston over the last 3 months averaged $3,346.I've felt for a long time that the better deals are found south of Boston in Plymouth and Bristol counties.