Hey guys, what would you do if you had 50 K cash? 1) Pay off your house completely so you would be mortgage free (let’s pretend that’s your mortgage balance)2) Buy a 250k multi family that brings you 1k per month i...
Hi there, I am switching over my 4 rental properties to a new insurance and nitpicking my way through the coverage. Some things will go, others will be added. My question is about the option of the Fair Rental Value C...
Hello Bigger Pockets world! My wife and I are new to investing, and we are looking to invest long distance in Baltimore, MD. We are looking for advice for long distance investing from experienced investors, any guid...
My goal in writing this forum is to motivate other young people to work hard, take action, and take risk. To show them that you don't have to be exceptionally smart, or have tons of money.For a long time I didn't like...
I'd like your opinion on a matter. Myself and 2 of my business partners/friends are first time home buyers looking to purchase in a hot market in CA. There is a house we like and offers were due yesterday. List pri...
Is factoring in property management into your investment spreadsheet overrated?Cons of property management: I always care about my property more than property manager, lower ROI, and the probability you lose touch wit...
I bought a duplex a couple of months ago. Here are the numbers:
Purchase price $85,000 (I put 25% down)
Monthly payment including taxes and insurance is $585/month
Total rent for both sides is $1,...
I own and manage 6 units with $100K in gross rents, all cash-flowing in the Bay Area, while working an "officially" full-time job. Bought the last directly through listing agent, and in contract on 2 duplexes right...
I will be making an offer in two days on a property. I ran the comps, drove the comps, inspected the house and have a good feel for it's value. She has two other properties she also wants to sell me that I'm hoping g...
I just wanted to share in my excitement on another wholesale deal closed with my bigger pockets family. I recently closed on a wholesale transaction all by my lonesome. The reason I'm extremely excited about this dea...