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I'm a newbie and wanting some guidance on short sales. I've been looking at a few that are posted on MLS. They don't seemed to be reduced hardly enough that I can tell. I am wondering how successful I could be a ...
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Hello all,
We are just staring out, closed on our first rental property in January and waiting to close the second. Our plan for the the first year was to purchase two cashflowing properties, then use the cashflow ...
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Hey Biggerpockets! I wanted to share a recent deal and how the numbers worked out from start to finish on an 18 unit apartment building.Towards the end of 2015, I was on the hunt for a multifamily building. At the tim...
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I am going to get right to it. Here is my scenario. Let me know how this adds up or any advice you may have. I am sure someone in the community can tear this apart or let me know if this makes any sense. Thanks for yo...
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I have a new property in TN that will be available for rent soon. It's 975 sq ft 3 bd / 1 ba. The interest I'm getting is from families where there's a mom, dad, and 4 kids. I don't discriminate against kids, but 6 pe...
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Rented my first rental property recently and now tenant is not paying rent. Did not pay Sept rent's and Oct's rent is over due now. She moved into the house in Aug and paid first month's rent. The house had issues and...
I think I did this wrong, I should have calculated it as a BRRRR. Nonetheless, I walked the property, and, in my opinion, the rehab numbers are solid. This is available from a local wholesaler. Buyer pays all closing ...
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So we take an application fee and use a company to screen all our potential tenants. Recently we’ve run into a situation where the screening grade came back as acceptable, not good or great, which left us a little wor...
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Ugh. Just showed my first property today and was caught a little off guard by the fact that the guy had checked public record and knew what I paid. I'm selling a 2bed 2bath mobile home on 2.66 acres for $25,000. He wa...
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Hey all,
Does anyone currently (or recently used to) own a vacation home in OBX (Corolla more specifically) that is willing to speak to a few items and general feedaback:
1. Vacation renal income norms over the last...