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7 September 2024 | 7 replies
Welcome to BiggerPockets Michael and best of luck investing!
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6 September 2024 | 24 replies
Any advice on what systems/principles work best?
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3 September 2024 | 14 replies
The best way for us to do that currently is to purchase new primaries with low down payments and rent our previous ones.
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6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437
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5 September 2024 | 20 replies
Do not go and invest out of state because people come into the forum and try to convince you to work with them on these goals (so ridiculous), you aren't ready for that and you have a good foundation somewhat locally.Your best bet, if you can't move, is to keep investing outside of New Jersey and stay close to your current property.
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7 September 2024 | 1 reply
Often times we look the other way and let these folks get away with their actions, which only compounds the problems for everyone.If you search "ethics" on BP, you get about 9527 results on the topic.
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7 September 2024 | 10 replies
It's always best practice to keep investors informed of all relevant information related to their investment (good or bad), both before they invest and during the period of ownership of the investment.
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5 September 2024 | 19 replies
That way, your money is protected by real estate without doing all of the work.
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4 September 2024 | 9 replies
If not what would be the best type for me?
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3 September 2024 | 3 replies
I house hacked my way into my first rental property this past year and now manage the rental myself.