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BP,I am looking at a deal in a college town with an enrollment of about 12,000 people & a population of about 25,000 people. What are peoples thoughts on investing in college/university towns? IMO, our education s...
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Yesterday I attended a local REIA meeting which had a length presentation about why we all need to get into notes. And it came as no surprise that there was also a length pitch about the note training session coming...
How many Wholesalers doing Double Closings are paying the Real Estate Transfer Taxes?These can be quite expensive in some places. For instance The State of Pennsylvania charges 1% of the sales price and the munici...
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Hello BiggerPockets!My parents have worked hard throughout their lives to put their kids through school and pay down the mortgageby the end of this year they will have finally paid off the house and are hoping to reti...
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Economic Update
(Labor Day Edition)
This crazy bizarre year will undoubtedly be remembered as one of the most challenging times of our lives. A worldwide pandemic, social distancing, facemasks, a recession, histori...
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Hey everyone,I wanted to see what recommendations the BP community has when it comes to rehabbing a property in preparation for it to be rented. 1. What kind of material would you use that is ideal (low cost, durable...
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Dear All,I am new to REI, and have been researching optimal investment strategy for me and my family. If we invest in cash flow property, after taking the depreciation tax benefit, the positive rental income will stil...
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I currently live in a college town that was hit pretty hard by speculation and foreclosures. The property I am looking at sold for $125-140k back in '07. The complex is around six years old and in good condition. ...
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I've been baffled at some of the absolute NNN deals that are being sent around. For example I saw a Starbucks location listed at a 5.5 cap with a new 10 year lease. The lease has a 10% escalator at year 5. They are as...
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My general contractor is quoting me:$32,000 to prep, paint exterior of the home$19,000 to replace asphalt roof$23,000 to prep, paint the interior$19,000 wooden floor refinishing (polishing, filling in any cracks)The h...