Hello all, I live in Bergen County New Jersey which is a pretty expensive market. Any decent multifamily is going between $450k-$500k. I make $70k and have a 760 credit score so that should help with interest rates an...
Multiple Offers within DaysReceiving multiple offers within days of listing a property and then getting under contract, to many Flipper investors is a dream come true!A couple months ago a Facebook friend Flipper, an ...
I've been looking for an Owner Occupy multifamily property for about 6 months now. Everything in my town that has been for sale has been either in shady neighborhoods or overvalued houses that need lots of work (w...
I'm new to real estate and am in the education phase. While reading @Brandon Turner 's Book on Rental Property Investing in chapter 10 under utilities it states that you should look for properties where utilities can...
Hi,
I'm planning on getting back into rental properties again and wanted to ask a few questions.
1. Should I pay cash or do 20%-50% down
2. How much in cash reserves should I have for each property
3. How long sh...
I am currently looking at a purchasing a 4 unit Multi-Family to rent out. It has 15 bedrooms and 8 bathrooms and has a rental history of $5600-$5800 a month for all four units. Say I purchase the property for $500,000...
Hi everyone,After months of lurking, searching through the forum for information on things I've been learning, reading books, and listening to the Bigger Pockets podcast, I've finally taken the leap into real estate!I...
Greetings BP,My tenant text me to say that the stove was smoking. One of the jets was smoking. She called the fire dp who shut off the gas to the stove until PSEG comes to check it out. My question is, if I need to ge...
Does anyone have any thoughts on a strategy of buying multifamily units located in college towns, is the steady rent worth the issue of having to deal with the college renters?
Hello BP,I'm negotiating on a quad right now. The company I invest in the stock market with offered me a LOC utilizing my portfolio as backing with a 2.5% variable rate, no fees. They told me that while the interest i...