I have a opportunity to purchase one HOA deed at 25 cents on dollar. I can rent it out and negotiate with bank for clear title in the meantime. My cost is 35k for a nice condo, A property in B+++ hood worth 132k. Anyo...
I am trying to decide whether or not I should keep a single family home or sell it and am looking for advice. Here is the background story.I bought this house as my first home borrowing the down payment from my parent...
Does it ever make sense to invest in an expensive property that has negative cash flow, yet the ROI is very good? If I don't need the cash now, but just plan on selling the house in about 20 years. I get that everyone...
Sorry, I asked the wrong question. I meant to say What is a good cap rate? How do you determine what CAP rate you should strive for?
Thanks!
Hello,We have tenants that moved to Florida from out of state and didn’t have rental history, jobs, and also a low credit score. We rented to them as they had cash from selling their home and paid us first, last, and...
I'm trying to figure out the difference between investors who do, and investors who just talk about investing.....
What finally motivated you to start investing in real estate? What I'm actually really interested in...
Hello BP community,Ok, I posted on here 4 months ago asking about my first rental property I was looking at purchasing. I'm back on here to admit that I went into real estate investing with no education about real est...
The trending topics are flooded with concerns based on current events, and understandably so. However, life goes on! What’s going well for everyone??For me, I have a couple great successes1. A deal fell through in a v...
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...