29 October 2020 | 21 replies
I would say my property barely breaks even, but I have never had to worry about my tenants not being able to pay which was a huge relief once the pandemic started.
4 November 2020 | 8 replies
We have found that most multi-unit properties for sale set their price right at the limit of rent income (with a 20% down), so your P+I at asking price tends to be barely covered.
24 October 2020 | 7 replies
Right now I'm barely got into the Pro of BiggerPockets.
27 October 2020 | 6 replies
For small amounts when the F/F don't actively participate, just do a note/lien on terms.
24 October 2020 | 1 reply
At the time of exit would the other partners participate in the profit of the sale or simply the yearly 'dividend'?
23 October 2020 | 2 replies
Here's a simple formula that is somewhat standard but it fluxuates depending on the market.ARV * .70 (investors like a 30% profit if the market can bare it) - Rehab Cost - Your Fee = Maximum Allowable Offer$100,000 (arv) *.7 (profit margin) = 70,000- $40,000 rehab - $10,000 (assignment fee) = $20,000 your maximum allowable offer.
16 December 2020 | 17 replies
I want to invest in a cheaper area but my problem is my job.Its so demanding that Im at work majority of the time, so I dont really have time to do anything.I can barely get a day off to look at houses in another state.How do you guys invest in different areas?
24 October 2020 | 2 replies
Tried owner finance and the terms were crummy.
Tried wells fargo and they want me to take a construction loan as well.
Are there reasonable options to finance a commercial lot? I plan to use some cash I have saved t...
23 November 2020 | 1 reply
I'm barely starting off.
1 November 2020 | 8 replies
The ultimate end game picture is to build a portfolio and investment platform that can support my family and they can participate in.