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7 October 2024 | 7 replies
First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.
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25 October 2024 | 17 replies
The state’s housing is also ranked as the fourth most affordable in the country.Alabama currently has the second-lowest average property tax rate in the country at 0.4%, which helps investors keep more of the money they earn.
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7 October 2024 | 2 replies
@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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2 October 2024 | 38 replies
I think that this quote comes to mind in reading your response here: "It is difficult to get a man to understand something, when his salary depends on his not understanding it."
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3 October 2024 | 11 replies
Since the tenant started renting, the market rate for the rental property has increased significantly.
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26 October 2024 | 2 replies
They are providing a "duplicate" housing allowance since he's already got housing in Athens.Does anyone here have any monthly rentals available in the Eatonton, Sparta, Monticello area?
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10 October 2024 | 13 replies
Hi David--I flip full time in the burbs and I have been a GC for 15 years--now only working for myself.
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5 October 2024 | 4 replies
My name is Genita, and I'm no longer sitting on the sidelines of the REI game.
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6 October 2024 | 1 reply
I’ve been listening to audiobooks, reading books, listening to podcasts, joined some FB groups, and this forum.
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7 October 2024 | 6 replies
So I know that I have cash to repay the gap within 12 months.