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23 November 2018 | 15 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-bpThe 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.
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18 June 2018 | 8 replies
Does my friend get the paperwork in his name or is all of that “in the background”?
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20 June 2018 | 4 replies
Now that you're locking in on deal number two, have you thought about seeking private lending from persons in your network (e.g. family, friends, mentors, etc.)?
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19 June 2018 | 9 replies
I'm not anti animal in general and have an animal friendly building 1 block from my 'unreasonable burden' one, FYI.
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20 June 2018 | 1 reply
I am a Kansas City (Missouri) native looking to build relationships with investor friendly agents for comps.
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4 July 2018 | 9 replies
Cummins spends money on Columbus's infrastructure to make it a more user friendly town.
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21 June 2018 | 12 replies
Account Closed Don't start slacking off now ;) Seriously, nicely done my friend!
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22 June 2018 | 28 replies
I've decided to look up properties in a specific area that are tax delinquent to develop a list I could cold call.Direct mails seems out of the question for now until I get a few deals out of the way to fund a proper campaign.My process is as follows: A) List all properties that owe a certain amount in taxes where I feel there may be motivation to sell (ex. 8k owed & up).
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18 June 2018 | 1 reply
The property is a 5 unit building with the following information: Rental income is $4,000 per month or $48,000 per year totalTaxes are $375 per month or $4,500 per year (this is higher than current but factoring in that they will increase)Estimated insurance is $200 per month or $2,400 per yearExpenses: Vacancy 8%Management 10%Other expenses Landlord pays water at $400 per month or $4,800 per year Realize this could be a cost savings in the future, but want to analyze as isGeneral maintenance (including minor repairs on property) including grass and pest control estimate at $300 per month or $3,600 per yearCapital reserves for Cap ex (appliances, windows (52 windows on building), roof, siding, etc. which I based on building a capitalization table based on useful life of items and number of units) at $460 per month or $5,520 per yearLoan: All in after down payment the loan would be for $300,000Assuming 7% interest rateAmortized over 20 yearsThus comes out to $2,325 per month or $27,900 per yearSummary Income Per Year:$48,000Property Exp.
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29 September 2019 | 12 replies
@Timothy Winfield my friend who inspired me to get started said the same thing and he came from the plant world also.