Hi..i came across a property, and i appreciate for any input you may haveInfo:--------------------------------------------the sellers Real estate agent said..2 family homein its current situation the house worths $308kthe seller is asking $250Kthe house has tenants producing $3800/ monthComps:The houses rehabed afew blocks down  sells around sqft/price $207-$262  i talked with another real estate agent he said 3 families run around $400kEven though this one is not a higher end, it is being asked at $262/sqft   Questions:Does this deal makes sense?

I've read the bigger pockets book, and read the blog too.I have very limited time and work a stressful full time job in NYC and live there, plus my weekends are spent with my girlfriend in NJ.

The bigger concern is that between ALL the ways in which they take a bite, their bite was about 20% of the rent. 

I have some cash but don’t want to use it, nor do I want to pay over $3.2k/mo for a mortgage in OC/SOCAL as my “pockets” aren’t that “bigger” yet. 

I've started browsing on Zillow and websites like that, I'm reading books like "What every real estate investor needs to know about cashflow", and listening to the bigger pockets podcasts. 

You perform a 1031 exchange from the current asset into a bigger asset of the same type within the allocated window allowed by law. (45 days to identify replacement + 180 days to close)C.

Welcome to Bigger Pockets! 

I found Bigger Pockets 2 years ago but im shy and it took me a while to get engaged and realize that were all just students of the game of real estate and some are farther along their journey than others and that is no excuse for me NOT to network and get to know many of you on here and tap into everyone's experience and knowledge and resources to build up my rental portfolio and to help others along the way as my knowledge and experience grows over time. 

If you have the time to build out the software, want to pay for it and plan to scale up your rental business very quickly try one of the bigger and more expensive companies.

Stopping by to say hello to everyone here at Bigger Pockets!