I am working on improving my methods for analyzing prospective rental properties to determine cash flow. I am using the following numbers:Vacancies - low in my area so I'm using 8%Repairs - 5% of rental incomeCapita...
I've purchased my first property in Northern Illinois about 30 minutes south of Joliet. It is a 1400 sq ft single family in a C class area that I plan to rent.The place will need all new utilities/appliances. Two la...
Hello all,I'm just getting into the real estate game and would like to follow the BRRR philosophy. Went to go see an under market property today and became very disappointed. Let me tell you the story. Saw the mfh pro...
I've found a potential deal, but when I ask myself 'what's the worst that can happen?', I get spooked.
Here's the details -
16 units spread across 4 buildings. All roofs/heat/water are new within last 5 years. 11 u...
Hey BP!Prospective investor here. I'm right at the beginning of my journey in REI! I've gotten some great advice so far and am thrilled to have you all as a resource. One of the best pieces of advice I have gotten so ...
I'm a newish I investor in Fort Worth, TX area looking for a project manager that offers and end-to-end renovation service. Does this type of service exist? I just spent an entire day working with individual contracto...
How do you approach a potential deal when dealing with a real estate agent?
Im in need of someone who can help me learn the basics of investing and or flipping properties. Im only 15 but im open to any basic tips that can help me be successful in the long run when i get my real estate licens...
HUD home built in 1900 in nice historic district of Ohio town. Listed at $70k then dropped to $63k. Contemplating a bid of $55k. ARV roughly estimated at $130k-$150k. Extensive repairs needed, estimated between $30...
Hey BP!
I've been learning as much as I can before doing my first deal and I'm exploring the possibility of utilizing a private lender. I have a few friends and relatives in mind that I'd like to present this opport...