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21 November 2018 | 9 replies
Rental comps for 2BR units in the area are $965/mo.Assuming I purchase the property for $135K, invest $10k in improvements, utilize a 25% down/30 yr mortgage, and achieve 80% of the total market rents (from rentometer) + 7% vacancy/attrition, this property looks to cashflow approx $400/mo with a 9% CoC return and 12.5% total ROI.My questions are the following, not having much experience in analyzing duplex deals:- How would I accurately estimate rental income in my area for a duplex, if my area is mainly SFHs ?
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29 May 2019 | 11 replies
Obviously you can not approve Realtor showings when they get sent to you, but why would you?
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23 November 2018 | 3 replies
Make sure you talk to a lawyer and don't take advice from some yahoo on the internet ;)Obviously the answer is always "it depends," but here are a few factors to consider:Is this a disregarded entity (or put a different way, is this a single-party LLC, i.e., just you or you and your spouse)?
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21 April 2019 | 4 replies
HOA debts are obvious debts though, typically they miss code violations, utility bills, etc.
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23 November 2018 | 4 replies
Obviously, real estate agents and property managers should be close to the properties, but what about the others?
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24 November 2018 | 11 replies
Yup, makes total sense.
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14 December 2018 | 17 replies
This is obviously an immediate need.
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18 January 2019 | 5 replies
I'm hoping my tale can inspire anyone reading this to always strive for more, never take no for an answer, and don't be afraid to stretch yourself beyond your perceived limitations.For a little back story, here's my first real post on BP when I started (beware, I'm a long winded sob)https://www.biggerpockets.com/forums/223/topics/371714-making-my-splash-in-real-estate-6-units-in-11-monthsI started 2018 owning 10 properties, 15 total units.
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18 November 2018 | 0 replies
I’ve been doing a lot of research and something I keep hearing is that getting into real estate is a very tough thing to do at a young age, due to the obvious lack of experience.
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18 November 2018 | 3 replies
I’ve been doing a lot of research and something I keep hearing is that getting into real estate is a very tough thing to do at a young age, due to the obvious lack of experience.