We are making an offer on a lender owned property that will need 15-20k in repairs. We are planning on doing most of the work ourselves. We are bidding 10K below sales price (it has been on the market for many month...
Hello, everyone.I am new to real estate, so I need some advice. I am confused as to ROI and cap rates. I know that we have a good deal, but I would appreciate somebody breaking down the numbers for me. We purchased a ...
HI BP! Does anyone know how a bank's appraiser concludes cap rate in deciding property valuation? My NOI/purchase price puts cap rate at double(!) the market cap. Will a bank use the lower market cap rate to appraise,...
If you have 3 investment properties in personal names, how can you later sell each and buy another in order to qualify for 1031? They can mix up.If you buy each in different LLC names, easier for 1031 tax purposes. ...
First time posting and need some advice on this topic:Currently, my parents (retired) own a house in Phoenix, AZ area that is free and clear that I am estimating worth $300k-$350k. I also own a free and clear home in...
Hi everybody!Im a new investor, and my networking has been going well! My friend from HS who has a successful auto detailing business in his area, and also has a w-2 job as well is looking for a 2-3 bedroom 2 bath hou...
I have approximately 5 years renting SFH and am looking to scale, so a younger family member and I are looking to partner on some deals moving forward. The basic structure is similar to the deal Ashley Kehr described ...
Hey BP,
I'm currently evaluating a rental portfolio of 10+ SFHs in distressed parts Milwaukee. I realize gross rent on the portfolio are so high due to the struggles of the area, so I'm looking to factor realistic co...
I am a beginner looking to purchase my first REI property and have a couple questions:Is it wise to jump around to where the hot markets are to look at properties to invest in as opposed to sticking to one city or zip...
Hello to all-
New investor question to all that can answer. I have a new duplex, needs work. Property management contractor is about 15% higher vs a contractor I found.
How does one go about refusing to use their co...