John Mayer
How would you invest $200k in Denver?
12 February 2020 | 31 replies
Here are the inputs:Purchase Price: $400-450K per propertyDownpayment + Closing Costs: $90-100K per propertyMortgage Payment: $2,000 - $2,200/month assuming $2K/year taxes and $1.5K/year insuranceTotal Monthly Rental Income renting out all the rooms (6 bedrooms x $700 rent per room on avg): $4,200Total Monthly Rental Income renting out all the top rooms (3 x 700) and renting the bottom unit to a family ($1,700): $3,800Total Net Rental Income Before Utilities/Maintenance/Reserves/Capex: Low: $1,600, High: $2,000Utilities: ~$400 assuming that you pay for everything, internet, heat, electric, gas, water, storm drainageMaintenance/Reserves/Capex: $400 to have enough to cover any items that could need repair, maintenance, etc and accounting for age of house and more wear and tear Total Net Cash Flow Per Month: Low: $800/month High: $1,200/month, Middle: $1,000/monthAlso, I didn't include you adding any extra rental income for for adding utilities to rent/garage spots rent/etc, so these cash flow numbers are very conservative but realistic.
Jake Burgdorf
Investment Properties in Georgia
5 February 2020 | 6 replies
@Jake Burgdorf Newbie here but I'd say the biggest things are educating yourself (Bigger Pockets, YouTube, Books, etc.), practicing analyzing deals (daily), start looking at building a team, and raising the funds for your future property.
Blake Hrabal
Colorado, Cannabis Industry & Getting Approved
5 February 2020 | 4 replies
Colorado is one of (if not THE) biggest cannabis market in the United States.
Allen Nam
Newly licensed agent in Southern California
8 February 2020 | 7 replies
@Allen NamDon’t worry man we’re usually always our own biggest critic.
Justin Johnson
Is This A Good House-Hack Deal?
5 February 2020 | 12 replies
My biggest regret to date is not taking advantage of an FHA on a multi unit as my first property.
Karl Moyano
Hello there, I’m new to REI
4 February 2020 | 1 reply
My biggest advice I'd tell myself when I was first starting is to "just go for it".
Timothy Hero
How Many Flips Do You Do Per Year?
6 February 2020 | 4 replies
My companies biggest focus is providing value to both the new renters with better housing than what is currently available while ensuring our buyer's returns will allow them to keep growing outside of overpriced markets.
Kevin Auyong
Milwaukee Lease length
9 February 2020 | 10 replies
**I'm not an attorney, do your research and talk with legal professionals before believing some guy on the internet**
Hugh Carnaha
I cashflowed $3.08! SUCCESSSSSSS!
5 February 2020 | 3 replies
I just wanted to thank all you internet strangers for helping me get to where I am today!
Brenden Mitchum
Seller's Agent Demanding I Stop Speaking w/Seller
8 February 2020 | 55 replies
The biggest reason you need a buyers agent is because you’re probably paying more than you need to because no one is looking out for your interests.