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Hey everyone,
I believe I am in a bit of analysis paralysis and am seeking advice about where to go from here. I have listened to the BP podcast for a little over two years and I usually listen to an episode a day.
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I would like to buy my first house and rent by the room, living in one of those rooms. I was preapproved in Nov for approximately 400k and this was for a VA loan. My salary is 100k, I have 60k cash, and I'm single.
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $131,000
Cash invested: $29,000
Bought a triplex in fair condition for cash flow purposes. Annual growth is ...
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Ok here is my situation and I was hoping you could help me find my focus. I have talked to my bank and I am approved for 200k for an investment property. I have also been approved for a HELOC on my current home for 40...
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Hi everyone. I’m new to real estate investing and hoping to obtain my first rental by the end of this year by using the BRRR method. I’ve done tons of research. I am pretty familiar with the Tucson market BUT I think ...
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Timing the market is nearly impossible. Many investors try to time the market by waiting for the perfect deal or waiting for the market to hit a low before they invest. However, it's important to remember that no one ...
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We're new to Bigger Pockets and we are so excited to be here. But we are struggling with the overwhelm of possibility and a lack of banking knowledge. We purchased a home last Feb from a family friend. We closed on...
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Hi all,I am new to the Southeast side of Michigan (formerly from the Grand Rapids and Upper Peninsula area). My wife and I have been wanting to get into real estate investing for sometime now and after recently selli...
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Looking to start my first solo deal which will likely be a live-in rehab + roommate then sell or preferably rent. (Few to no multifamily in target area)
Basically, I have 2 issues at the moment.
Issue #1 - worki...
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first time incestor, and i have analysis paralysis. the numbers I've run on a local property based on rentals on the same street show a 12% cap rate, and a 21% Cash on Cash return (if I put down only the 20% vs. the ...