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20 February 2018 | 2 replies
I live in the biggest city in NH and work in the 3rd biggest city in NH. everything available in the main cities is far to expensive or run down for my experience and comfortability, I also want to get out of the city because I hate the city.
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7 March 2018 | 1 reply
I think this would offer older millennials who are starting a family an attractive option in that they’re moving into a newer home without the commitment and lack of mobility that ownership requires.
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27 March 2018 | 5 replies
I would think that this would attract a younger crowd.
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20 February 2018 | 11 replies
I think the main difference is that I have separate conversations with my tenants aside from the legal jargon.
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6 March 2018 | 19 replies
My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price: $179,900Down Payment: $44,975 (25% down, assuming I buy at list price)Repair Estimate: $5,000Closing Costs: $2,500TOTAL CASH IN: $52,475Loan Amount: $134,925Loan Terms: 5.25% fixed rate, 30-year mortgageMonthly P&I: $745Monthly Rents: $2,000 ($1,000 per side)Vacancy Loss: $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME: $1,900 ($2,000 - $100 in vacancy)Taxes: $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance: $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash: $80/month (this is typically paid by the landlord in my area)Sewer: $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance: $75/month (my property management company offers this service)Maintenance: $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management: $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).
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26 February 2018 | 10 replies
I have been lurking on Bigger Pockets for sometime now and have finally committed to taking action on my goals for 2018 (mainly, purchase a 10+ unit apartment building) so I figured it would be best to introduce myself the the BP community and start networking.
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21 February 2018 | 12 replies
But I think the main thing is how long are you planning on owning the rental?
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24 February 2018 | 5 replies
So it would mainly be buying for appreciation at least until someone changes the rental laws.
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21 February 2018 | 8 replies
I’m finding (most notably trulia) that the main reason for a home to be sold cash only is because a bank won’t finance it mainly for 1 of 2 reason.
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22 February 2018 | 6 replies
Since this is the busy time for taxes, the main number for TN Department of Revenue might be busy.