Chris W.
New member in Spain moving back to states soon
29 October 2018 | 10 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
Jarrett Powell
Maximizing Driving for Dollars in Multifamily Area
15 September 2018 | 4 replies
@Jarrett Powell, Another platform similar to Listsource you can look into is AgentPro247.com, you can pull property data and owner info from there as well.
Cosette Trantow
Help analyzing in Phoenix
12 September 2018 | 4 replies
List price: $350,0004 units: 3 x 2 bd/1.5ba 1 X 2bd/2baI figured $1100/mo for rent for the 3 1.5 baths and $1150 for the 2 bathTotal Income: $4450I used Zillow and my assessor's website for tax info (although I have no idea what FCV and LPV are)Tax: $95Vacancy: $230 (5%)Repairs: $230 (5%)CAPEX: $230 (5%)Property management: $450 (10%)Mortgage: $1922 (using an FHA loan at 3.5%)PMI: $280Insurance: $70 (based on zillows numbers)Total Expenses $3507Cashflow: $4450- $3507 = $943Down payment: $14000Closing costs: $4000 (I definitely need help with this number)Rehab: $10,000 (pulled this out of my butt, only 1 picture of the outside)Total cash in: $28,000Cashflow for the year= $11316COC ROI= 40.4%I'd just like a little help to figure out if I'm even in the ballpark or if I really need to make some big adjustments to my numbers.
Tia Dedeaux
What can I do with this?
12 September 2018 | 1 reply
Flip it - rehab, put on the market, pay off her mortgage and take whatever left.Not sure how you wholesale it - appraisal is $110K and it's public info.
Natasha Richardson
Newbie thinking of doing this
27 September 2018 | 18 replies
From the little experience that I have, they'll ask you a few questions crunch some numbers and will be able to give you the info you need. i think they may also give you a pre-approval letter if you have a deal on the table.
Jhoana Olarte
Houston Real Estate Highlights in August
13 September 2018 | 2 replies
Thanks for the great info!!
Adam L.
How to do taxes for LLC created to buy "limited partner" shares?
19 September 2018 | 12 replies
I'll start looking into my own LLC info needed, but it seems like it is simple, right?
Andrew Hooper
how to build your own list
13 September 2018 | 2 replies
You can go to Craigslist and look for FSBO properties it'll have the owners info.