Purchase Price $856,000
Renovation Cost $550,000
Total $1,406,000

Q3, 2007 apprasial with quoted repairs $2,000,000

Expenses run 40%, plus vacancy (est. 10%).

Gross income is $330,000

Your thoughts?

Hi folks,I am still in the education phase of my real estate journey but have started networking with friends who are also interested and would like to take action soon. I have a buddy who grew up in Portland, ME (we ...

Right, seriously, there's a game on Steam called "Tenants" which, I suppose, is a landlord business simulator.On sale now for $17.49.Quick blurb (not trying to advertise for them, honest):Become a landlord and deal wi...

Hello, I am on Bigger Pockets today because I have decided Real Estate Investing is what Im trying to do with my life. I'm not positive the direction I will take but am continuously thinking of how I am going to break...

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Hello fellow investors, you have lot of experience. I need your advise to go to the next step.I am 42 years old, quite new to the real estate investing. It's a side hustle started aside of my employee job and I feel t...

I would like some input on what the right length of an initial real estate training seminar is. Is it 2hrs - 2 days or somewhere in between? Is it better to do a 2 hr free event and then a longer paid event or should...

This is my first post and maybe not the most appropriate way to start participating in the Bigger Pockets community. However, I am a bit frustrated.

Just as a quick background, my paradigm shift occurred whe...

Good Day,I was asked to help a couple out with their property on a part time basis. Watching over the property while they are out of town they guess 2 months a year at different times. The property is 7 student units ...

Hi there, my name is Catherine and I am 32 years old. I live in Madison, Wisconsin, and I am interested in investing in small multi-family units in the state. My aim is to invest in real estate without using my own mo...