Łukasz Juraszek
1% rule, 2% rule are BS...
In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...
Brandon Schaffner
Best Recession Cities for investment
I'm 33 and looking to relocate. I was an interior designer (cabinet sales basically) in Denver, Colorado before the corona. Now I'm provided with a new opportunity. Im not going back to my old job and I can basically ...
Jason Mak
California vs. Texas
Starting this thread after reading through the "Austin is Hot" thread. After reading that thread, the Austin atmosphere looks similar to California. I'm a California investor and certainly a dearth of deals out ther...
Rianna Mcgee
5 Year Plan For Success
Hello all, my name is Rianna, I am 22 years old and I have been using Bigger Pockets for a few years now just to get some knowledge on REI. I have some experience wholesaling but I am still working my full time job. I...
Eric V.
Atlantic City Investing
I am looking into investing in Atlantic City. I saw the prices are low and I believe the city is on the rebound. Does anyone wholesale properties in Atlantic City? Looking to buy,rehab, and hold single family and mult...
David Cheng
What do you qualify as a proof of funds?
Currently have a listed 4-plex for sale, 100% occupied. As a screening tool, I ask for proof of funds before we bother a tenant and show the property. To me, any liquidity qualifies: bank letters, bank statements, sto...
Rohan J.
You have 1M dollars to invest in multis. Where do you buy?
Title says it all. Let's say someone gave you one million dollars to invest in cash-flowing rental properties today (Aug 2016), and you're only allowed to use the money to buy multis in one city. What city in the US d...
Jeremy Namen
Neighborhood Revival
Hello All! My name is jeremy, and im a relatively new member of this greatly appreciated and informative site. Im thinking that ill be able to get some good advice and/or info on implementing an idea that ive had for ...
THU NGUYEN
Using Money to Buy/Rent Out or Lend out as Private Lender
Hi BP members,I need help analyzing the follow:In Houston Rental market (suburban), most will follow the 1%...so here is my calculation for getting a rental house that can rent out for $1500/month, at $150KMonthlyRent...
Dave Kennedy
Loan Modification Plan (Obama)
I've been listening to CNBC this morning and they have been releasing some of the plan to bailout homeowners.
It was just released an hour and half ago so the details are few and far between at this point but here ar...