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How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
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Hi fellow BP members. I'm helping Bigger Pockets work on a project about using real estate investing to retire early (aka achieve financial independence).Would you mind taking a brief survey (mostly multiple choice &a...
Hey everyone, So a quick bit about me, I've got a law license in Texas with the end goal of being a cashflow oriented investor such that I can build up enough passive income to meet my living expenses one day. As the ...
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Hi BP Community,I toured a 3 story duplex yesterday in New Jersey and with some small changes, this property could be a great investment. There is just hang up. The property has an illegal third floor 1 bed 1 bath apa...
Hello everyone!I recently acquired my old childhood home as no members of the family can care for it (and my nana whom owned it has since moved in with family so she can be cared for 24/7). Anyways, my mother moved ou...
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Hey BP,
We're not in the Nashville area right now, but interested in at least one STR property in East Nashville. I've read that Nashville can be a tough nut to crack. Can anyone share their experience?
Thanks!Steve
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I found a property that might work for the BRRRR strategy. Older home UP/Down Duplex. Exterior siding has been redone. There is a newer metal roof. Interior has original hardwoods floors at the end of their life. Tr...
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So a tenant has not paid her rent on the 1st of January, which is due. I'm pretty sure NC law allows a 5-day grace period for the rent to be due.I sent out an email reminder on December 28, 2017 to pay rent on the 1st...
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Hello,I am new to bigger pockets but have been set on owning a duplex for some time now. My best friend from growing up and I are back home (Boston area) from college and want to save up to buy a duplex together and r...
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My tenant of 5 years is vacating next week, so I'm planning on renovating the 2nd unit in my 2-flat with plans to sell by the end of summer. The vast majority of my experience is in C class rentals, where durability a...