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9 March 2017 | 15 replies
You can answer here because I feel it will add to the overall conversation.
20 February 2017 | 9 replies
What I took from the conversation was to check to see if there are any exemptions on the properties.
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16 February 2017 | 7 replies
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16 February 2017 | 18 replies
I appreciate the feedback from everyone, Im working the quit claim deed option now.I hadnt planned on using this as a forum to analyze the deal but since it appears to be the topic of conversation I will share what numbers I used to analyze this property.Purchase 80k with commercial loan 25% down, 20yr, 5% apr (P&I : $395)Per month cost: tax - $80, Ins - $80, vacancy $70 (8%), maint $45 (5%), PM $90Notice no CapEx because I plan on keeping $5,000 in the LLC's checking per house to cover this.Rent $900 based on Zillow, Craigslist and the Basic Housing Allowance for a E-5 (target renter)FMV: Conservative $110k (recently sold houses on zillow average 120k)Cash out of pocket ~25k, Cash flow per month $140 ($1680) => 6.7% return on investment, not the best but better than what my Etrade is doing right now.IF I refinance 80k, P&I - $528, I will be able to pull nearly all my money out of the deal but kill my cash flow.
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16 February 2017 | 1 reply
Deals are people.Marketing and advertise to be able to have conversations with people and offer a solution to their problem (Communication).
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23 February 2017 | 19 replies
Now if you are value adding actively, adding rooms, modernizing and flipping, condo conversions, redev etc...that is another ball game and again hard to compare to stocks.
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24 February 2017 | 10 replies
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17 February 2017 | 5 replies
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20 February 2017 | 8 replies
I have had a conversation with Mr.
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23 February 2017 | 22 replies
Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.