Well I have finally pulled the trigger and am currently completing the process of purchasing 2 fourplexes from a bank! Here are the numbers, let me know what you think.
100% bank financing
140k property (both build...
I would like to try and rent this house out. It’s a 3/2. This upstairs part is labeled as the 3rd bedroom. It’s freezing up here and I’m getting it spray foamed in two weeks. Is this best to just keep this like th...
Hi everyone. I have come across some information about the BRRRR strategy. The problem is, I live in a low cash-flow area (near Portland, Oregon). I have cash but want to end up with good cash flow in the end, which w...
I recently purchased a duplex and kept 1 tenant who is section 8 and rehabbed the other side as part of the brrrr strategy. I was able to immediately find renters and signed them to a 1 year lease. The tenant who st...
Last year I had a tenant apply for a two-year lease on one of my rentals. She had really good income. Single mother with three kids. One year into the lease, she informs me she's been approved for Section 8 with a vou...
Hi All, I am new to multi-family investing, is it advisable to do the first deal on a LIHTC (Low Income Housing Tax Credits) apartment complex? What are the pros and cons? Do we need to pay fewer property taxes if we...
Hey guys,I'm new to bigger pockets and was wondering if it's worth investing in rental properties is Salem County, NJ? This is where I live so I was thinking it'd be a good place to start. My only problem is that I wo...
Hey folks, so this morning one of my colleagues posted (from another person) some reasons why sec 8 can be very difficult. Well, you will see my responses in bold that show the facts vs some guy sitting on the interne...
I'm preparing to file my taxes for my LLC. Since we didn't have our rental units yet for last year, the only cash event that occurred was the cost for forming the LLC. Total amount was less than $500, so I'm wonderi...
Hi All:I am getting serious about REI and have a goal of making my first offer on a property on Long Island by June 30. I have been analyzing one deal per day and have found that this strategy will be difficult at lis...