List price is $460k, I will offer $360k to start. All 4 units are rented for approximately $2960. I used my DealCheck calculator and my cash flow is $172 per unit. Do you guys think this is a good deal?
Our family is looking to purchase our first home. We plan to be in our new place for at least 5 years (we have a 12 year old and want to stay in place until he graduates). Do you use the same criteria (like 20% belo...
Hey Guys,
I was considering investing in New Bedford due to the relatively cheaper purchase prices compared to other places in Massachusetts. Can anybody give me some areas to stand clear of and also those that other...
Hey y'all!I FINALLY have some great news! I closed on my first property this week, exactly three months to the day of my first offer on the house. It is a 4 unit property in East Hartford, CT. Gross rents are about 1....
As a RE investor, should I have a business set up/lawyer/accountant before I even start looking at properties looking to get pre-approved for lending? Or do you guys all get pre-approved for lending first, find a hous...
I used to live in, and still own (albeit for 1 more week), a condo unit just outside of Metro Denver. While I was living there, I noticed a 2 story penthouse apartment that was vacant and in a state of disrepair. It h...
Hi everyone,I am thinking about buying my first buy and rent property next year. My home base is in Toronto, Canada. I work overseas teaching abroad and I plan on continuing to do that for the foreseeable future. Is i...
This is my first short sale, and I'm representing the investor in an A -B, B - C transaction, the investor being B.
The bank has done the BPO and verbally approved a price. My investor is almost on board with that. I...
I'm glad I found BiggerPockets as it is exactly what I was looking for. A well educated, passionate forum populated with REAL individual real estate investors. I've done a few deal in the past and made mistakes, lost...
Working on my first deal. Would love to get you guys opinions. I will be acquiring 15 units SFD at $60,000/each. They will be new construction. Around 1000 sq ft each. 3/2 and 4/2 units. We project rentals rates to be...