For the past few years I’ve been periodically posting about complex, somewhat hard to implement, and time consuming strategies and tactics that I’ve used and can be used to “accelerate” wealth building in real estate....
How do you calculate debt to income ratio when you have rental property? Are we using gross rental incomes or net? I own two 3-unit buildings in the Chicago area and live in one of the units. Total gross rental income...
I got a offer on the house I live in. Initially I wanted to rent it but decided to stay a little as the prices are pretty high. (Las Vegas)
I paid 265 one year ago and just got an offer of 350. I can probably get 185...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $250,000
Cash invested: $16,000
My first investment property is in a rapidly developing area in Columbus, OH...
I've built up a rental portfolio of 8 cash-flowing units in a very solid area, netting roughly $6k/month. I've done this by living in them, and renting out the other units. It's worked out wonderfully, and I've been a...
Just finished reading 'The Millionaire Real Estate Investor' by Jay Papasan. One of the key points mentioned here and many other real estate books is to have a well defined criteria for your investments.I tried setti...
(assuming adequate capital each year from salary)Year 1 -- Buy 150-200k single family or duplex with 75k down payment on 10-year mortgage-Rent property (may cash flow, but happy to just break even)Year 2 -- Buy 150-20...
Looking to purchase my first investment property. I wanted to start with a multi family. I am having trouble finding cash-flowing properties. Any tips for a first time investor would be greatly appreciated. We are abl...
I first came to BP about 3 months ago and have become an ADDICT. Forums, blogs, podcasts...I can't get enough! My wife calls BP my "other" wife.I have three duplexes under contract that I'm very excited about. The ...
I have hear that most investors want 30% in return of there money and others 70% What is is exactly the percentage they are looking for to consider buying a house as a good deal?