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9 January 2019 | 8 replies
Could you go back to that source to get funding again?
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7 January 2019 | 6 replies
I am getting closer and closer to pulling the trigger on my first investment property and hiring contractors is definitely at the top of my list as biggest worries.
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2 January 2019 | 0 replies
Dear BP family, Often times there's a discrepancy between a recorded sales price on a county's website and zillow. Where can i find out the real price the property was sold last and the recorded mortgage ? In New York...
8 October 2019 | 15 replies
You have to subtract the original $230k you paid out of pocket first...which leaves you with $715k.Now, subtract all the lost income (now negative CF) from the months that you had vacancies, Maint. costs, CAPEX, etc...assuming 15% of rent per year, that's about $15k x 15 years = $180k...which leaves you with $535k in virtual profit.IF we just stopped there, you would have gotten $35k/year return (on average).Now, comes the big money losses.You will be operating at an average loss (and this is real money due to cash out of pocket to pay for expenses not covered from rent due to now negative cash flow) per year of at least $15k.If you had invested those losses (and since the source would have been liquid this is not a virtual thing) at a measly 5% per year, and reinvested it all every year, you'd be at almost $800k in actual real money.Anytime you accept hard cash losses, you are losing the benefit of your cash being a "verb" instead of a "noun"...and you lose all the compounded profit from you cash being reinvested and in action...forward action.
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4 January 2019 | 0 replies
I found the source from county court.
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31 January 2021 | 11 replies
He would be a good source for you.
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14 January 2019 | 24 replies
I have two paths forward to get my first deal done, and I'd love to tap into the collective wisdom of the BP community for feedback.Option 1: Buy my own small multifamily (2-4 units)However, it's been difficult to find actual "deals" and candidly I haven't put in the effort to go all out, with direct mail, digital ads, out of state owners, etc. mostly just working with brokers and looking at the various online sources.
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4 January 2019 | 0 replies
*For further details, you can find specific calculations in the source of the spreadsheet shared above.InquiriesI am compiling additional data to continue my research on favorable rental markets including wage information, job growth, home prices, rental prices, etc...
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7 January 2019 | 4 replies
I don't need to leave my engineering job, but my thinking is that it is a better use of my time to dedicate myself full-time to getting immersed in the world of RE, since I will have another source of funding for deals.
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7 January 2019 | 3 replies
The biggest problem was finding a good property Manager (stay away from Central Property).