So I have had many properties that I had put the typical 20% or 30% down on a 30 Year loan and had a Fixed payment with the bank. When I had extra money or a large commission I would always put large amounts to the p...
I read this article this evening and figured folks on BP may enjoy it. He does a good job of highlighting the key elements to becoming a millionaire for most "ordinary millionaires" that don't get a lot of media hype...
Hi everyone,What do you think about selling in this format?For example, I own a property that I bought for only 25,000$ (before repairs). I thought of selling it to local potential home owner for about 50k: 5,000$ dow...
So I lucked upon a four family a few years back. When it appraised, it appraised for $20,000 more than the purchase price. Though fully rented it was collecting half of what it could at market value. Minimal repairs &...
Can someone explain how to analyze deals? Is there more than one way to analyze a deal? The only one I'm aware of is the
70% rule or 60% in today's market.
I have looking into financing and have come across this idea of doing an interest only loan to purchase a multi-family. The thinking is, I really don’t have a desire to own the property, but rather maximize the cash f...
I am a buy and hold investor. In the past couple of years, I have bought some SFR and 4plexes in phoenix with 30 years fixed rate residential loan. With the leverage, I am able to get ~15% cash-on-cash return. Now I w...
Hi BPers! im just curious of your opinion on which would be a better investment assuming both options would cost about 150K? building a 1 bedroom ADU in my backyard in CA or buying a Single family home in another stat...
Hello everyone,First things first - I'd like to thank all of the contributors to this forum, your advices and inputs taught me *A LOT* - so I'm grateful for that.TL;DR: For a new RE investor with a good starting point...
Hello all! I have heard a lot of investors investing out of state like Ohio, Memphis, Texas, Seattle, etc, but rarely they say they have apartments and anything similar in nature, in California. I live in California, ...