My husband passed away tragically 7 weeks ago and I now have insurance money to pay off our investment condo that we owe $115k at 4.1% interest (733 a month) We have a tenant in there and it pays for itself but I’m w...
Hi all. Last year I purchased my first rental (BRRRR) for $115,000, and put around $30,000 into repairs. It appraised for last month at $220,000 in which I was able to do a cash-out refi and pull almost $30k back out....
I have been a member on BP for a little while now and thought I would share what my first year of investing has been like.I have been interested REI for 5-10 years. Prior to the bust in 2006-7 I had attended a few REI...
Hi - I am curious what the forums will make of my first deal and whether it is relatively good or relatively marginal. I am in the Palm Bay, FL area and bought an SFR 3/2 for 220k. 30% down, 6.375% rate, and after a...
Ive been a landlord for about 18 years... Normally, if a tenant moves out it cost me under $600 to clean/paint, etc regardless of the area... Lately things have been very different... The last couple of tenants who mo...
Do rents generally go down in an economic downturn? If you are underwriting a property do you consider that the income may actually decrease (if so by how much) or do you think worst case scenario rents are stagnate?
Good afternoon, everybody,I'm working on getting into REI, and right now I am looking at the possibility of purchasing a duplex. The windows in the upper unit (and probably the lower) are original to the house. They s...
Hello fellow investors!
This is my first post on the forum. I have been reading a lot and found that there are many great contributors, so I've decided to join!
I am a realtor, but it is time to put the investor ha...
Does anyone have an opinion on the commercial real estate crisis and which areas of commercial it will have the most significant impact on?
Personally, I do not expect apartment buildings to be hit as badly as office...
Hello BP, I am looking for some advice, I am a little stuck as to what my best course of action for my first purchase might be...(my long term goal is to build a portfolio of buy and hold rentals, while doing a few fl...