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I completed a successful BRRRR a little over a year ago. I have some cash and I'm trying to decide if I should pay off the mortgage and enjoy the extra cashflow or if I should keep the cash I have in bonds. Obviously,...
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Hi All -I'm looking for some guidance on options for my parent's house/my childhood home (I'm a newbie, so trying to think through if an opportunity exists here or if the NOVA/Washington DC market just isn't realistic...
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Let me explain in more detail.For Buy and Hold investors, does anyone make >$100 of cash flow per hour worked doing RE, this includes searching for deals, leads, paperwork, tenant screening and selection, talking t...
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My question is concerning multifamily properties. They are valued using cap rates, cap rates are driven to some degree by interest rates. Given that the Fed has been raising rates and we are in a rising rate environ...
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*This link comes directly from our calculators, based on information input by the member who posted.Pros:
The current owner would want to stay on the property, possible the basement stud...
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I have had an eye on a unit in my building that was going through foreclosure for 3 years and it finally just was foreclosed on. I spotted the listing firm that represents the investor and had a nice chat with him to...
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Hi all,I'm looking at getting my first property, but a big concern for me is unexpected expenses in the short term. What would you recommend as a cash cushion for unexpected expenses/repairs in the first year or so of...
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Wow. I am super excited. We just had our offer accepted on our very first rental property. Yeah! Also, we just found out the plumbing needs replacing. Yikes! Any idea on a price for replacing the plumbing (bursted...
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This is me thinking out loud :roll: but up to this point I have considered the implications of risk in a rehab project as either and increase in cost and/or a delay in schedule.
In order to account for risk I add a...
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Is it ok to turn a detached 2-car garage into an efficiency apartment? I'll be adding a bathroom and kitchen. Will it cost too much to add the plumbing and electrical? This is my primary residence (no HOA) and I liv...