28 February 2024 | 1 reply
I'm looking for some guidance on how to go about doing this since my contractor quoted that the job would take 1-2 weeks and during that time there would be no access to the unit because there isn't enough room to put a temporary stairway while they are building.

26 February 2024 | 4 replies
Hello BP Community!I am super excited to join the BP Community after listening to the podcast for quite some time. Not sure why I didn't join sooner! I am a realtor that does all the conventional real estate stuff - ...

28 February 2024 | 10 replies
Or would you get it as a job for those few months?

27 February 2024 | 4 replies
Following is the income for all the unitsRentsNew Rents Expenses Unit 1: 1800 sqft $ 975.00 $ 1600Insurance $ 6,000.00 Unit 2: 1100 sqft $ 900.00 $ 1100Taxes $ 2,728.00 Unit 3: 1100 sqft $ 925.00 $ 1050Sewer Charges $ 4,800.00 Unit 4(Apartment): 700 sqft $ 700.00 $ 850Vacancy $ 4,000.00 Total $ 3,600.00 $ 4,600.00 Repairs $ 2,000.00 Yearly Revenue $ 43,200.00 $ 55,200.00 Total $ 19,528.00 Mortgage Interest Only/m$1,460.00$1,460.00Mortgage Interest Only/y$17,520.00$17,520.00Current Income Projected Income Net Operating In $ 23,672.00 $ 35,672.00 Cap Rate4.30%6.49%Cash Flow With Int Only $ 6,152.00 $ 18,152.00 Cash invested $200,000.00$200,000.00COC3.08%9.08%What are your thoughts on this deal?

28 February 2024 | 43 replies
Once you have this team in place, you should be able to invest in any market confidently.As for picking a specific market - I would go after one with an increasing job and population growth.

28 February 2024 | 2 replies
You will need a stable w-2 job for 3 years if you plan to use a bank.

27 February 2024 | 4 replies
The top Vacation Rental Hacks I've learned in ten years as a BNB operator, DIY'er, investor and broker that has sold over two dozen vacation rentals: - Hosting and ManagementUse a local Super Host, neighbor or new friend to reduce operating costs and increase property TLC.

28 February 2024 | 1 reply
I have been kicking around the idea of getting my license in New York even though I am not actively looking at real estate in NY or do I really intend to get a job as an agent.

28 February 2024 | 6 replies
If I'm in your shoes I would use this as an opportunity to set the tone with the tenant about how you operate as a landlord!
28 February 2024 | 4 replies
This is why job growth/fundamentals get talked about so often when choosing a market; put yourself where you have the most qualified applications possible for your home.With $100k down and assuming 20%-25% DP, you're looking at homes in the $350k-$450k range, with $400k probably being a break-even, at best.