Maki Bick
[Calc Review] Help me analyze this deal
20 March 2022 | 5 replies
So, if you purchase a property worth $350k for $325,000 and increase the value of the property by doing a little cosmetic work and increased the rents you will earn the $50,000 you put down on the property in less than 1 to 2 years.It is virtually impossible to increase the value of single-family homes by increasing the rents and even when you rehab a single-family home and make it the most-beautiful home in the neighborhood it is still difficult to sell the house for more than the comps in the neighborhood.
Alan Musilek
Disturbing trend in purchasing rental properties
27 March 2022 | 3 replies
I am not big enough or rich enough to buy anything sight unseen and yet it almost seems impossible to purchase anything without doing it that way.
Chris O'Reilly
Self Storage Conversion Leased Property
15 April 2022 | 2 replies
If your exit strategy is to sell the SS on leased lot/facility, it will be very difficult if not impossible.
Christine M.
Help for an overthinker! - STR/Short Term Rental Markets
30 March 2022 | 1 reply
A smaller condo, closer to Downtown with permissive HOA would be the BEST but that's almost impossible right now) - Seattle, WA (Smaller condo close to Downtown with permissive HOA) - Broward County FL (Palm Beach Gardens, Ft Lauderdale, West Palm Beach, Hollywood, Deerfield - at least 3/2 + a pool) Again - thank you Bigger Pockets friends + mentors!
Miguel Santiago
House hacking and looking for second deal financing
29 March 2022 | 7 replies
@Miguel Santiago- finding a lender willing to lend on a piece of land for a rental or vacation home construction will be difficult / impossible and if you do - the required down payment will be large ......try leveraging anything else you have to get the funds to acquire the land ...retirement account loan / stock loan / cash back refinance / savings / gift etc .....try contacting the smaller local to the area you want banks and credit unions as they might be more willing to lend on something like this as compared to a national or large lender
Beau F Borinstein
Long Term Asset Based Loans
31 March 2022 | 3 replies
It is more difficult, not impossible, to find it for SFD or smaller projects.
Stephen Massinello
Borrow Down Payment (Lenders, Hard Money?) Monroe County, PA
4 April 2022 | 4 replies
While the no money down is no impossible, it still feels like a unicorn.
Jennifer Farnsworth
Question on partnership
4 April 2022 | 4 replies
You're setting a precedent for all future partnerships with these partners...one that will be impossible to justify changing.
Samuel Medina
How you getting SFH cashflow?
6 April 2022 | 4 replies
I just picked up a 4 br 2 bath 1 car garage in a C ( everything in Cleveland starts with a B , impossible to make money with an A ) area of Cleveland , all in 56k, rents will be 1200, taxes about 1400,, about 16% NET cap, 100% hands off.
Niko Nomura
Full-Time College Student
8 April 2022 | 3 replies
If you're in an area where finding something under $300k would be nearly impossible, just sit tight and focus on saving, learning & networking.