Hi BP,
My first post :)
I started in Dec 2019 and am now up to 3.9k a month in pure cash flow. Need to get to $10k before I think of quitting and gunning for the end of this year. Looking to still get educated and m...
Purchased a multiunit - 3bd/1ba & 1bd/baCost: $490,000Down payment: $200,000Renovation Budget: $70,000Mortgage: $2100/month - 30 yr fixed @ 4%Expenses: $190/Month (Utilities, upkeep, and administration) Rental Inc...
Might be a little long winded but I don’t really know who else to ask and there seems to be a lot of knowledgeable individuals on here. Anyways, I’m looking for someone to tell me if my strategy is flawed, sound or co...
I guess my question is how accurate do you find the 50% expense rule?
If you gross rents are $2500, a margin of error of 10% on your expenses would result in a $125 difference in cash flow. This might result accepti...
First of all, why is there no dedicated BRRRR section in the forums?Anyway, this is about one point that Brandon and David made in the Bigger Pockets Real Estate Investing Podcast #327. It is an excellent episode and ...
On a buy and hold investment strategy, what percentage of positive cash flow/profit do you look for on any given deal? Taking the gross rents received on any given property and then deducting your expenses associated...
Contractor is a month past deadline and not even half way done with job. (Only demo..rough plumbing and some rough electrical).On my last visit to the site about 10 days ago there wan no progress from my previous visi...
When you have a seller with a dilapidated house that is worth 80k as is, and you're offering them 40k, are you really doing them a favor? I understand the idea of unloading their burden.. but realistically they are be...
You've heard that old adage about a person who tries to represent themselves in a real estate transaction has a fool for a client....
I think the market is pretty strong in my neck of the woods, and I am aimi...
I invest in central Connecticut where the market is fairly saturated with other investors and taxes are extremely high so we have some obstacles to overcome. That being said, I just refinanced a property, completing ...