John Tan
future interest rate increase would reduce multi-unit price?
I wonder if future rate increases would decrease multi-unit price?Since multi-units are priced based on CAP rates, they will be interest rate sensitive. Ie buying a multi-unit at 10% CAP makes sense in a 3% treasury-...
Travis H.
Do These Goals Seem Reasonable? (and other questions)
Brace yourselves. This one's a doozy. Skip to the line if you're in a hurry.I joined this site quite a while ago. Then, I forgot about it. I just focused on other things, almost all of them crazy ideas and flights of...
Tom Goans
Rich vs Wealth
Rich vs Wealth
As I have been taught, the difference between rich and wealth is rich people work for money; wealthy people have their money work for them.
To illustrate, some professional U.S. athletes ...
Dakoda Spencer
I Want Out, Any Suggestions?
Hey BP,I want out of my full time job at IBM. I'm sick of it. I know, I know. Working a job (even if you don't "like" it) is a part of "growing up". Working this job is one of the most unfulfilling things I've ever do...
Jordan Sizelove
Make a Million Dollars in Real Estate
Hey everyone! I recently read Brandon Turner's blog (http://www.biggerpockets.com/renewsblog/2012/12/12...) about how to make a million dollars from real estate. It is very informative and inspired me to get started w...
Robin Roundtree
Sell Primary Residence to Use Equity for Rentals?
Hi guys,
We have a home worth 650k, we owe 350,000 in a place where we couldn't afford to sell and buy another property (got in 2021, the 2.8% interest rate and before the crazy NW boom in Idaho.) We are stuck becaus...
Kirsten Walstedt
PRIVATE LENDING QUESTIONS
Does anyone know whether there is already an article somewhere on BP about how to become a private lender? I have some cash that I want to put to work, but I do not know how to start out as a private lender, what t...
Sebastian Garcia
Real Estate APIs and Data Science
Hello everyone!Quick bit about me- I'm a data scientist working in NYC and literally just started looking into REI a week ago. Mostly because of the dream I have of retiring early with a nice cash flow, but also partl...
Michael Zack
Minimum tenant credit score?
What's the minimum credit score that I should allow? I live in a good area, 5 minute walk to a few restaurants and train into Boston.
Lesley Ray
First BRRRR, Hard Money vs. Traditional Loan
Hi all,I'm looking to purchase my first investment property in Cleveland, OH. I plan on utilizing the BRRRR method and am currently feeling torn on whether to obtain the property with hard money vs. a traditional loan...