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Purchasing a Property to Break Even?
Can someone explain to me why you would (or wouldn't) invest in a property to break even and not make any cash flow with the rent? Would this still increase your net worth and possible equity with the new property?
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Karen Johnson
Is it even possible to sell?
Hello all,I own a nice townhouse in Philadelphia region which is part of a community with an HOA. The problem is that the HOA is broke, has lost FHA status and is under threat of bankruptcy. For full context, more tha...
Elijah Brzezinski
Can I even get into REI?
I'm a FTHB and I've been scouring an area I would like to buy. I made a post yesterday about being able to qualify for Fannie Mae due to my commission only job. The roadblock I seem to keep running into is the fact th...
Shane Abbott
Inherited property just barely breaking even.
My dad passed away when I was very young. He left me with this one investment property that I now don't know what to do with. I've become super invested in the REI world and want to start making my own investments. Ho...
Chris H.
Is this even worth my time?
Hello All,I was approached recently by a family friend who is looking to move out of Colorado (Thornton area) They bought a manufactured home a couple of years ago and are looking to sell it so they can move in the ne...
Alvin Uy
BRRRRing in Los Angeles even possible?
Hiya! New to this BP forum and podcasts.... but have been an investor for quite some time now with 6 SFR and a 4-plex under my belt in Eagle Rock, Glassel Park area. Heard about BRRRR strategy but i cant seem to fi...
John Beck
Single Family Home Rental "Breaking even"
My background in Real estate would consist of owning my home and 1 rental property, that I break even on, every month. By "break even" I really mean, that my mortgage for that property is covered by the rent, but a...
Jimmy Kennedy
Is this even close to correct?
Ok guys I need help to see if I'm doing this correctly. Looking for all input, please. Here is a property in Atlanta, Ga that I used the BP Brrr calculator. After reviewing the reports please let me know the pros and...
Karolina Powell
Upgrade location even with less cashflow?
I own 7 properties (8 doors) in southwest Pennsylvania free and clear. I cash flow about 7k a month after expenses. These are in C locations but my places are on the nicer end of what is available in those locations...
Jeremy Roberts
Breaking Lease before even moving in???
I had a "Future" tenant walk through one of my apartments with me. She looked everything over and decided she wanted the apartment. She paid $475.00 deposit and $475.00 rent for the month of July. I just got notice fr...