Roberto Chan
I hear a lot about the 2% rule and cash flow but what if
2 June 2015 | 16 replies
I had a pro offer me a turn key cash flow positive but in Chicago but I don't know anything about the company nor the area so I decided to walk away from it for now.
Dave Jeltema
Show me how to find deals and you can have the deals I find!
1 June 2015 | 1 reply
Networking is very key.Local auctions and online auctions.Here's the key.
Jonathan Twombly
Do you need an LLC? Absolutely. There is No Debate About It.
5 June 2017 | 113 replies
Asset protection is my key goal when trying to build wealth.
Mark P.
New Member originally from Philadelphia, now living in Orange County, CA
4 June 2015 | 14 replies
Some of our key phrase (e.g., "buy my house fast") are $20-30 per CLICK in the Orange, Riverside, San Bernardino markets.
Azeez K.
100 Unit Property Under Contract - Seeking Input from Fellow Investors
23 May 2016 | 33 replies
Here are some of the key stats:Purchase Price: $2.8MUnits: 100Unit Mix:50 3bed/2bath's @ $580/month50 2bed/2's @ $425/monthFinancing Approach:80% Bank20% 10% down payment10% seller financing @5% with a 5 year balloonConservative Annual Financials Financials:-15% vacancy-Rent potential: $618,000-Property Taxes: $30,000-Insurance: $21,000-Maintenance / Repairs: $60,000-Water / Utilities: $68,000-Advertising: $4,500-Property Management: $52,530 (management fee and employee salaries)-Garbage and Recycling: $15,000-Landscaping / Pest Control: $18,000-Security: $5,000In summary:-$525,300 gross income-$273,030 total expenses-$177,396 (5%) annual mortgageoFirst 5 years: Seller financing repayment on 10% of purchase price @ 5% interest rateOpportunities:-Sub metered, but water is covered by current owner (~$55k)-Increase rent on 2/2's to $485We would love to hear your thoughts on the good, the bad, and the things we haven't considered or simply answer any questions that you have.
Ian Riley
BP Newbie from springfield MA! Just signed up.
3 June 2015 | 14 replies
Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.
Tariq B.
One Email Short of Firing the Property Manager
2 June 2015 | 8 replies
Key turn-in at 7PM on the 31st, new lease and move-in on the 1st.
Barshay Graves
Buying Duplex with Tenants already living there
9 June 2015 | 5 replies
You could maybe try cash for keys if that is an option.
Johnie Hopkins
Baltimore, MD - Real Estate Agent Recommendation
12 August 2015 | 5 replies
My partner (@James Sheppard) and I will be in the Baltimore (city), Maryland this coming Friday for a rental property inspection and hope to make the best use of our time scouting key areas, meeting with an investor-friendly real estate agent, or even connecting with a good wholesaler.Please reach out with an recommendations.
Ray Yeung
Prevoius seller collected first and last month's rent
3 June 2015 | 6 replies
I've checked my offer contract from when I purchased the property and the following clause was specifically added: "At closing, seller will assign all leases,transfer all security deposits and rents and provide operable keys to buyer."