I was thinking in a long term view. Take two examples, tell me which you'd buy.House 1:100k house, 5k down, 20k in repairsRents for 2kCash flow is 500/moHouse 2:500k house, 25k down, no repairsRents for 4kCash flow i...
I've read a lot of posts about this, and am still a bit confused. If I am purchasing property that the asking price is $99500 and the appraisal is at least $155K which makes under 65% LTV, if I am getting a hard money...
Hi everybody!My wife and I are looking to purchase a vacation home as rental property. I have seen many of you post success you have had with these types of rentals, however, I am having trouble finding property that ...
I just finished watching The Big Short, a movie about the real estate bubble. I enjoyed the information in the movie but I was very let down by the fact that they never acknowledged the fact that subprime mortgages w...
1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.
Hello Bigger Pockets. This is my first post. I recently lost my job here in the Bay Area in CA. And I am at the very beginning of my exploration into passive income by investing in rentals. I have a house that I inher...
It's cliché, but true. A lot of millionaires are made during recessions.No matter what you invest in there are and will always be golden opportunities to take advantage of during every recession. For me, it's real e...
Hello everyone,Today I signed up for BiggerPockets. I am a fifteen year old boy living in Texas, and my name is Adrian. I don't know if I'm posting this in the right thread, so please tell me if I'm not. I have this c...
I don't care if you love or hate the current tenant at 1600 Pennsylvania Ave. This post isn't intended to be political.I am curious to get the opinions of other BPers on what the investing road ahead/climate looks li...
I've been a hardcore follower of Dave Ramsey and have done his Debt Snowball in the past and it was very rewarding. The problem was that I started to veer in the past 4 years and take on more debt such as buying a La...