21 November 2017 | 5 replies
Well because I could not commit to acquiring my first property with the remaining time in the year, I’ve committed to analyzing 2 deals a day to post on the forums here.It will allow me to gain knowledge and advice from experienced investors and also give other investors like myself (or soon to be investors I guess) an opportunity to contribute as well.Even if they haven’t done any deals, they may know how to avoid common mistakes while analyzing that they’ve learned since they’ve started on their path to REI.I know it may not be much, but I’m really hoping that others in my position feel inspired to contribute more than the normal “Hi I’m a new investor looking to learn from everyone here on the site” and those more experienced are still willing to share their experiences.Thanks everyone.With that being said:Property #12-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.8k/moOperating expenses (per month):- Vacancy: $190- Repairs/Maintenance: $35- Taxes: $300- Insurance: $133.33- Property Management: $190 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).
15 November 2017 | 7 replies
I also believe in the Pittsburgh market, I was fortunate enough in my last year at Pitt to interface with the Mayor, Chief of Staff and some councilmen in a small class setting.
3 December 2017 | 4 replies
So, now that I moved in and almost have it set-up to my families liking, I’m ready to buy another 2-4 family.
15 November 2017 | 3 replies
A lot more to this obviously that we all don’t know about but if you could restore the original setting of the home in your rehab at a decent price then maybe give it a shot.
4 December 2017 | 13 replies
There's a lot of area not covered.Is there a way to do this, or were these sub-forums created at the beginning of this site and therefore are set this way going forward permanently?
16 November 2017 | 28 replies
I would look at Set for Life by @Scott Trench as a starting point, then do a deep dive into house hacking here on the site.
20 November 2017 | 25 replies
The value of the trust grows due to these earnings (subject to market risk, but not to real estate market risk anymore) and you draw a set amount each year (say 5-7% of the total value, you have to decide the amount when you create the trust).
15 November 2017 | 0 replies
https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/15/five-goal-setting-tips-to-real-estate-investing-success-in-2018/#2b46bc9b3239
28 July 2020 | 28 replies
Hi,We're purchasing our first property to turn into an AirBNB and were wondering if anyone new of a good resource / checklist of all the things we'll need to buy for it, from setting up WIFI to can-openers.
16 November 2017 | 3 replies
Last night one of them set up a circular saw and was cutting wood for their bonfire at 9:00 at night.