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In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...
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Hello Everyone at Bigger Pockets!
I currently own 5 properties in Houston TX all residential rentals. I have a mortgage on only one of them. The home with a mortgage I am currently selling after sale I will have roug...
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Hi all,I've been looking to invest in rental properties for a bit of time. I am currently located in Illinois (Chicagoland). I looked around this area, however the taxes here range from 5k-12k on typical home which ...
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It's been awhile since I posted, but after doing lots of research and reading many post there's been a question that I can't seem to find the answer to. How honest should a wholesaler be to the seller? Should they tel...
Hello to the community. I know there are at least 100 threads on this great site that deal with “getting started,” and assure you that I have tried to digest as much as possible before resorting to another “help...
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I have experience with working class and lower income areas. But what about ghetto, warzone areas. A lot of burned out buildings, people using/selling drugs all over the place, frequent shootings (almost one a week it...
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My AC has gone on and off for the past week.
We are checking on it daily and additional fixes are required.
It will probably take additional couple of days to fix it as it has been trial and error.
We are keeping t...
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Hello all - Newbie here. I'm under contract on a home I'm buying to live in and Airbnb the attached In-Law suite. The listing agent wrote that the house was 4,000 sq in his description, and the mls listing indicated 4...
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Here's an article: https://www.wsj.com/articles/t...With rent rates increasing dramatically, a housing shortage around the country, and new generations that feel entitled, I suspect we'll see more of these. I find it ...
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This is probably the best article I've seen so far on what is going on in the mortgage marketplace.
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, whic...