Paulina Chase
New Member from Hawaii
20 October 2018 | 13 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
Arian Motalebi
Just joined BP, Saying Hello
25 October 2018 | 10 replies
I am currently completing a major in finance and accounting and hold a real estate licence but currently not working in the Industry as I own and operate my own pizza business.
Chris Robuck
New to the website long time listener of the podcast
18 October 2018 | 12 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
Anne Williams
AGENT SUGGESTS I OVERBID AND SEE IF HOME APPRAISES THEN NEGOTIATE
2 October 2018 | 44 replies
*All states are different, but I'm licensed in Indiana (this is my disclaimer).First, your agent should know if this property has multiple offers already (a simple conversation with the listing agent works).
William Huston
Your minimum numbers per door? just curious....
5 October 2018 | 21 replies
Approach may be as simple as direct marketing or looking for off market deals.
Jose Castillo
Seller owes HOA fees (Negotiable?)
29 September 2018 | 7 replies
HOAs count on that money for their operations.
Chaim Rosenstadt
Tax on turnkey Cash Flow
12 October 2018 | 14 replies
On the surface these seem like simple questions but they're not.
Rich Hupper
Middlesex county north commercial leased space
28 September 2018 | 0 replies
I am trying to find comps for about 4000 SF of commercial leased spaced where an automotive diesel repair business operates.
Gary Lawson
Trying to Figuring out the BRRRR Formula
3 October 2018 | 8 replies
I don't think I'll cash flow here, so I ran my numbers only on the money I needed to pull out to have no cash in.Financed amount is $100,000The monthly mortgage payment came out to be $435.59 per monthAt a 5.125% rate on a 30 year loan, I calculated a Net Renal Income came out to be $1,140 per monthI split the difference of the range and used $1,200 for an estimated monthly rent and added in a 5% vacancy rate.Expenditures came out to be $613.73 per monthI used an 11% property management fee, which was $125.40.I used $120 for capital expenditure reservesI used $60 per month for maintenance reservesProperty taxes were $225 per monthInsurance was $83.33 per monthThis put me at a Net Operating Income of $526.27 ($1,140 rent - $613.73 expenditures).