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13 unit 2 buildings
Income: $125,440
Expense: $70,321
NOI: $55,119
Loan: 12 month, $35,000
10% interest only payment
$3,500/12= $291.67
21.8% IRR
12 month Ballon = $42,000
$42,000 - $35,00= $7,000
Payday #1=...
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Hey guys, based on your experience, what is the impact of a large apartment complex to the local rental market?There is a new construction in my area of 200 apartments that will be completed in a few months. They wil...
Hello
I hope you are all doing well!
I am about to place an offer on a new property than can really unlock great cashflow and push me closer to my goal of being financially free/independent.
I'm undecided about ho...
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Hi Everyone,A late happy new year to all! I am looking to invest out of state in 2019, and I am currently considering the Columbus market. I am located in New Jersey so it would be great to chat with other investors /...
Hi,
I just bought my first investment property unit and now planning on the next. I intend to use equity on existing property(which will be a rental) as a down payment on the next property(ies).
Refinancing could be ...
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We live in a rapidly dynamic world. With all what is happening now. What are your comments on the following:1-Buying or selling now. 2-Interest rate and cap rate changes. Thanks, Dr. Bender
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Bloomberg just published a great article that I wanted to share with you all that is titled, ‘The Fed’s Secret Liquidity Lifelines.’ From August 2007 until April 2010, the Fed pumped $1.2 MM in bailout money to banks ...
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Good evening Biggerpockets!I'm seeking help to pull out money from a few properties I own.1)Theres no mortgage on this one property and both units are fully rented out.I want to take out as much as I can with a HELOC....
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Hey guys,I'm a real estate agent and I have been an avid bigger pockets podcast listener. I haven't been very active on the forums, but recently a few investors found my profile on bigger pockets and contacted me abo...
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I have started on my Rent to Retirement journey and I just so happened to be starting it with the company Rent to Retirement. Last year I started my education on rental income and came across Rent to Retirement. I j...