I totally get why you should reinvest profits from rental units. But what do you do with those profits? Say I am cash flowing $30K/year. What should I do with that? Save up for a down payment on another unit(s)? Pay ...
Problem......
I own a rehabbed property that just fell out of escrow. I can no longer continue to pay on the property out of pocket. The good news is that I bought it low enough to rent and cover all expenses plus. ...
Just wondering if anyone here has been able to correctly predict cities that were on the rise and what signs within the cities signify that it is on the up swing?
Good morning Bigger Pockets!
My business partner and I are new to the Bigger Pockets site however we have 20+ years in real estate here in Panama City Beach and surrounding areas. Happy to meet everyone and look for...
I work in SF, and have rented as I am wary of the seemingly unsustainable prices. I would like to buy a house (to owner-occupy) if it makes sense, but I can't get a clear picture of whether or not it makes sense to bu...
Hello all,I'm evaluating a few different places to invest in real estate and Phoenix is one of them. I know it's a been a hot place to invest the last decade or so and wanted to hear the thoughts of those investing/li...
Due to my DTI ratio, I had a hard time finding a conventional lender to give me a mortgage on my primary residence after paying cash for the house. A friend of mine is going to be the lender and act as the bank on my...
I did a small calculation on a 920k property
- 20% downpayment (184k)
- 80% loan (3.1k) a month
- monthly rent (3.5k) for 30 years at 3%
- cash flow, after deducting taxes and everything, it will be -$603
- henc...
Hi Everyone!My wife and I just moved to Sacramento 2 weeks ago from the bay. I work in tech and she just started a new job here for the state. We're currently renting downtown and looking to get started as first-tim...
Does anyone know of any good deals on flipper houses in NJ ? Preferably north or Central Jersey. My partners and I are ready to buy. First flip , so something to get our feet wet and profit