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3 March 2016 | 2 replies
My Total monthly expenses (including savings for repairs) will be $1,500 and I am currently receiving rent for $1745 for a cash flow of $245 but when I move out of the bottom unit and rent it the cash flow will rise to $1195.My plan is to make necessary repairs to force appreciation and get a new appraisal in the summer time which I hope will be for around $170,000.
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4 March 2016 | 3 replies
I just received my renewal notice for my Rentals but I really do not know what I am paying for.
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4 March 2016 | 7 replies
So i told the roomate last month not to worry about last month because i already knew he had paid it even though i didnt receive it.
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3 March 2016 | 1 reply
Selling price - outstanding mortgage principle - selling costsI just want to avoid paying taxes on the selling price of the property when I actually only received a portion of it minus all the costs and mortgage principle.Cheers,Mike
29 September 2020 | 3 replies
I hear alot of talk about marketing to landlords, where the landlord still receives the rent without dealing with landlord issues.
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14 May 2017 | 55 replies
BP Community,I would like to receive input from those in the community who have more experience than I do.
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4 March 2016 | 0 replies
Here are the numbers:Original loan balance: over $200,000Property value: $55,000Note purchase price: $34,000Total payments received during 12-month forbearance period: $20,00012-month forbearance yield: 59%Modified loan:15-year fixed rate mortgage9.50% interest rate$65,000 principal balance$679 monthly paymentYield-to-maturity: 23%How does everyone like this investment we worked on?
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18 January 2016 | 6 replies
Zillow/Trulia vale for prop1 is 140000k-155000k and prop2 is 100000k-120000k, both are owned outright and have been remodled/updated and have no liens, both are rented 1700/mo after management expenses and I,m receiving my social security which is not much 536/mo I took out a secured credit card in jul2015 and now have a score of 720-730.
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20 January 2016 | 15 replies
I received this info from @Nathan Sharp when I first started.https://www.biggerpockets.com/renewsblog/2013/11/02/hack-housing-get-paid-live-free/ (House hacking)https://www.biggerpockets.com/renewsblog/2014/03/13/investing-multifamily-ben-leybovich/ (Podcast 061 - How to succeed in multifamily investing)https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)https://www.biggerpockets.com/renewsblog/2013/12/12/bp-podcast-048-duplex-managing-tenants-darren-sager/ (Duplex investing)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/webinarhttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?
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10 February 2016 | 7 replies
I received this info from @Nathan Sharp when I first started.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/(house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/(how to buy a rental property)https://www.biggerpockets.com/renewsblog/2013/11/02/hack-housing-get-paid-live-free/ (House hacking)https://www.biggerpockets.com/renewsblog/2014/03/13/investing-multifamily-ben-leybovich/ (Podcast 061 - How to succeed in multifamily investing)https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)https://www.biggerpockets.com/renewsblog/2013/12/12/bp-podcast-048-duplex-managing-tenants-darren-sager/ (Duplex investing)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/webinarhttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?