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1 February 2025 | 1 reply
Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant.
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28 January 2025 | 2 replies
If the land is included with the mobile home, there are DSCR lenders that will be willing to lend up to 70% LTV as long as it is not a rural area.
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20 February 2025 | 0 replies
Purchase price: $264,000 Cash invested: $120,000 Sale price: $640,000 Duplex caught on Fire.
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5 February 2025 | 15 replies
I charge 20% straight to co host which includes vendor/guest /cleaner communication and managing the property.
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20 February 2025 | 7 replies
There is a lot of news around how multifamily is in trouble with ARM's and overpriced purchases in 2025.
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12 February 2025 | 20 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).
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12 February 2025 | 5 replies
Purchase price: $110,000 Cash invested: $60,000 Sale price: $225,000 This property has 2 units and 2 storage units creating 4 income streams.
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20 January 2025 | 12 replies
Build a strong team, including agents, lenders, and property managers, and use tools like the BiggerPockets calculator to analyze deals.
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14 February 2025 | 9 replies
No action by the judge.An investor called me last week to tell me he had approached the foreclosed upon owner and purchased the right of redemption.
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19 February 2025 | 14 replies
I a analyzing a cash deal for $420 that I will leverage after purchase leaving me with approximately $200k in cash plus the $100k in equity.