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19 June 2018 | 6 replies
At a wealth-building conference I once attended, the speaker asked the following rhetorical question:Which would you rather believe?
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18 June 2018 | 25 replies
They e-mailed me the following:"So this is a very weird question but when y'all (meaning my husband and I) lived in the house did you ever notice strange thing happening?
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17 June 2018 | 0 replies
That being said, he passed away about 2 years before I began my Real Estate journey BUT his lessons about pushing myself, finding answers and taking action have never left me.
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18 June 2018 | 5 replies
I will have her follow up with you in the morning with some recommendations.Greg Kurzner
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23 November 2018 | 15 replies
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.
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18 June 2018 | 8 replies
Reason I’m asking is because I’m now confused on the REFI portion to follow.
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19 June 2018 | 5 replies
My last attempt was no exception, seller wanted 5 day inspection on what was billed as primo condition 20 year old property, he blessed me with a 6.5% cap rate and "misstated"Expenses, followed me around during inspections telling me over and over how the neighbor next door is ready to purchase if i dont, never mind the failing brick siding, lack of house wrap, broken, non working windows, rotten decks,etc,etc.BUY IT NOW ask questions later cause there are 10 people behind you who will be happy with making zero for 3 years!
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22 June 2018 | 28 replies
I've decided to look up properties in a specific area that are tax delinquent to develop a list I could cold call.Direct mails seems out of the question for now until I get a few deals out of the way to fund a proper campaign.My process is as follows: A) List all properties that owe a certain amount in taxes where I feel there may be motivation to sell (ex. 8k owed & up).
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18 June 2018 | 1 reply
The property is a 5 unit building with the following information: Rental income is $4,000 per month or $48,000 per year totalTaxes are $375 per month or $4,500 per year (this is higher than current but factoring in that they will increase)Estimated insurance is $200 per month or $2,400 per yearExpenses: Vacancy 8%Management 10%Other expenses Landlord pays water at $400 per month or $4,800 per year Realize this could be a cost savings in the future, but want to analyze as isGeneral maintenance (including minor repairs on property) including grass and pest control estimate at $300 per month or $3,600 per yearCapital reserves for Cap ex (appliances, windows (52 windows on building), roof, siding, etc. which I based on building a capitalization table based on useful life of items and number of units) at $460 per month or $5,520 per yearLoan: All in after down payment the loan would be for $300,000Assuming 7% interest rateAmortized over 20 yearsThus comes out to $2,325 per month or $27,900 per yearSummary Income Per Year:$48,000Property Exp.
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29 September 2019 | 12 replies
You just have to find your first follower then it will just spread like wildfire I'd bet.