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The formula:
ARV - rehab costs X 65-70%= purchase price is hard to attain in the current market. I think as of RIGHT NOW, its more like:
ARV - rehab X 75% = purchase price (too really have a chance at getting the p...
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I have a pretty clear idea of what zip codes I want to invest in ( the inner loop) and what type of properties. I have been driving the area for the past couple of weeks. I have been searching the MLS for properties ...
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Investment Info:
Single-family residence buy & hold investment in Indianapolis.
Purchase price: $47,900
Cash invested: $26,000
Bought this property from a local wholesaler that I met at a local m...
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Good afternoon Bigger Pockets. I'm a new investor in the Baltimore MD area. Anybody have any good advice on how I should start? I have a full time job so my time is limited. But working long hours doesn't bother me. I...
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Hello. I am working on getting into large multifamily investing and I was told that I need to make a bio. Since I am still in the early stages of investing, i am not sure what goes into the bio. Does anyone have recom...
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Hello All, I had a question regarding rentals in southern california, primarily the inland empire. I am just starting out in real estate and read a few books and decided that I'd like to start out in Buy & Hold in...
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How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a multifamily at an incredible deal, way unde...
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If anyone could just let me know if I am on the right track here that would be awesome! Here is a simple scenario as I understand it:I find a house with an ARV of $350,000. I offer 70% of that minus $50,000 for repair...
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Hello everyone,
First post here.
Backstory:
I am currently putting together a group of 4 friends to begin investing in cash flow properties using the BRRRR strategy this fall in the midwest, preferably Indianapoli...
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Currently frustrated at the moment because my goals keep changing. Based off of new information I pivot my strategy or my why and while I think it's good to keep flexible, it's hard to stay focused on one thing. How d...