Just received an accepted offer 10 minutes ago on an 8 unit property. They were refusing to allow an inspection so I ended up waving it after talking to an experienced real estate investor based on his suggestion. Fou...
What size multifamily building does a $1MM purchase price get in your market for a true C/B Class area? Here in Palm Beach County, Florida the most you can get is a 5-8 unit building for that price point. Somewhere in...
The numbers are in for 2021... 6 doors acquired in 2021... 8 total doors owned (all SFR)54k in rents, 24k expenses, 30k cap ex, and 30,500k in PITI...For a grand total of -31k net cash flow!!!but...400k equity growth!...
Hello everyone,I feel like maybe I’m being a softy, however I wanted some input from the more experienced landlords out there on how they would/have handled this situation.So recently I closed and owner occupy on a 4-...
I showed a rental today to a possible tenant, who for all intents and purposes, checked all the boxes, they agreed to sign a 12 month lease @$1000 a month and pay $1000 security deposit. Non smoker, no pets, makes 70K...
Dear BP friends --I am thinking of buying a property for cash. However, I am concerned about using up all of my non-retirment money on a property deal. It's just scary. We obviously need to have an emergency fund f...
My first (stressful) flip :)The house is a 1,875sqft 4br/2ba with a front yard, back yard, carport, porch and back patio with built-in firepit. Comp average days on market is between 36-43 for this area of town.My hou...
I have a rental in a lower income area that has about three quarters of the people living there are related or friends of some sort. This is a nice place to live except the new monsters next door. Next door a nice hom...
I'm a newbie and have recently purchased 3 properties, all townhomes in Utah. Two are in southern Utah and will be vacation rentals which will cash flow really well. My third is a long term rental in northern Utah tha...
Hi BP, I have not posted in a while and I wanted to tell everyone about my first 12 month wholesaling in Charlotte NC. I will tell you it was not easy. There were highs and lows. I did receive a 30k assignment fee an...