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Results (10,000+)
Joe Kim Newbie in LA! [Wholesale or Househack as first investment?]
21 September 2017 | 27 replies
I have been browsing duplexes and triplexes online, to see what the market looks like now.
Drew Denham First duplex deal - NE Michigan - a good one?
12 September 2017 | 4 replies
. = $5510% MGT fee = $110Mortgage = $253, 20 year amortization @ 5% Taxes $116 per moInsurance $75 per mo total = $719 per mo2% rule = 2.20%Capex = 15%CoC = 33% (turn key, est rehab to be $1000-1500 - new appliances, needs a few new doors) , $2000 closing costs, $10,000 down payment) The duplex does only have 1 furnace and 1 water heaterMonthly cash flow = $381 Am I missing anything? 
Karina Segovia ADVISE PLEASE!! HOLD, BUILD, REFINANCE?
16 September 2017 | 3 replies
HI I purchased a home in a multi unit (R4), high density zone.I am currently renting the house cash flow is just $50 after mortgage payment.This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month Total cash flow on this property is $750 a monthI'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.I can still rent the land and keep the cash flow at about the same amount ($700).However there's no sewer  at this house just 2 septic tanks attached to the main house.Workshop will need:windowsanother walldoorscooling and heating systemBathroom etc...I can build build more units attached to the current workshop since there's so much land to play with but i have no idea of the cost.I purchased this home for $150k in 2016I owe 143Klast month I paid for an appraisal and the current value is at $185(flooring was the only improvement at the house).Question is should I refinance and bring in sewer line, build more units or live it the way it is?
Scott Shold Illinois homestead exemptions for rental by family members?
11 September 2017 | 2 replies
” (35 ILCS 200/15-175) The amount of exemption is the increase in the current year’s equalized assessed value (EAV), above the 1977 EAV, up to a maximum of $7,000 in Cook County and $6,000 in all other counties.Our scenario is my mother and step dad live in a SFR of ours and their rent is solely based on the total costs of the property (mortgage, insurance, and property taxes).
Arissa Dahl Have any investors thought of/gotten a realtor license??
12 September 2017 | 7 replies
@Robert FreebornFirst year:Real Estate Course: $420 (Rockwell), there are cheaper schools out there.Written Test: $125Finger Prints: $30Realtor's Union dues: $620 (Optional depending on Brokerage)NWMLS dues: $480Supra: $75 activation + $15 a month = $255Office fees: $65 a month or $780 (Will vary depending on Brokerage and Model)Total: $2,710 Additional Cost:Signs: This will vary depending on Brokerage and if you are on a team or notBusiness Cards: Depends on what you wantEvery two years after that you will have a certain amount of CE that you have to accomplish, but if you take advantage of free education hours put on by Title Companies and other outlets, you can reduce your cost. *** Fact ***If you sell one house a year, it pays for itself...
Scott Carrillo Fees are too high for using partners team in place?
13 September 2017 | 31 replies
You need to look at the fees as a percentage of the total cost (purchase and rehab) to understand what you are paying relative to the overall project.
Ralph E. How to find info to duplicate Mitch Stephen's type of investing?
27 September 2017 | 3 replies
., online and/or in person.The information I need to know is (And maybe not in this order):1) How do I find Residential Mortgage Loan Originators in Montana, who know how to write-up a loan for this type of transaction, to be compliant with SAFE Act, etc?
Tiago Faria My First Deal: Turnkey Studio Duplex in Portugal
28 February 2019 | 13 replies
Not only because I had the connections and market knowledge, but also because it's a much cheaper market.So I went ahead and connected with a local investor through online search (unfortunately there are not many Portuguese in BiggerPockets).
Will Maxwell First time flip and getting cold feet
2 October 2017 | 12 replies
Michael, Auction.com is selling this on the county court house steps, not online.
Chase Gochnauer Do you use depreciation savings in your pro forma?
11 September 2017 | 17 replies
This was mostly through lots and lots of reading and searching online to try and understand the 1031.