Hello! I am a real estate newbie who is interested in STRs in well established vacation areas. I have been scouting the forums on the topic, listening to podcasts, reading books, and reaching out to BP members. I am t...
I understand that debt to income ratio is very important with the first property you buy, mine is comfortable 30 %. However, if looking to go into a 4-unit property as a second property, in my case it would raise my d...
I'm seriously considering the following deal,
Condo in the French Quarter in New Orleans (400 square feet) which is typical for that area
Purchase Price $115,000
Owner will carry with 60K dp
I wanted to know what typ...
I have a friend (and third owner of some of my rentals) who would like me to do a hard money loan to buy an REO for him to rehab and flip. He's looking for 10% interest, six month balloon (interest payable at close o...
I’m just starting out in real estate and ready to buy my first property to rent out,
I’m in Los Angeles and was first thinking about Airbnb condo at the Palms place, Trump or even a sfh to rent long term.
I don’t se...
I'm looking at property in the state of Oregon, which has had amazing appreciation but poor (starting) cashflow. Basically the only properties I have found that break 1% are in rural areas, or dumps, or both.
I'm loo...
After more than a year of reading, podcasts, practice analysis of deals, and discussion, I feel that I'm ready to commit to being a real estate investor once we start our new chapter (Husband is exiting the military n...