I am an agent in NJ. Here are the basics of a deal that I recently discussed with a client.
The asking price for a 9 unit, mixed use property in good condition is about $1,500,000. Gross income is approximately ...
So, I purchase a property back in 2012 for $80K cash in Vegas, put $10K into it and rented for $1100 a month.
My yearly cashflow is $9K, sorry 50% rule.
I would be making $60K minus capital gains taxes &a...
Just a simple math:
Let's say I buy a home for a million dollars, with 20% down and 30-year term
interest rate = 5% + property tax = 1% + maintenance = 1% ----------------------------------------...
My goal is to calculate how much of my W-2 income I've replaced so far with my real estate efforts. I've set up an Excel tracker to assess this and I'd like your validation of my approach. I'm already 5 buy-and-hold m...
Freehold property $340k - rents at around $2000pm. Property taxes $300pm.
What's going on with Halifax? Crazy bidding wars everywhere and rents are through the roof! For average incomes here, rents are way too high!...
I've just begun looking into RE investing after having a BP account for a few inactive years. Recently I was talking with an agent who proposed the idea of me forming a single-person LLC and then using it to buy an i...
I'm thinking to buy an apartment instead of renting one in Brooklyn. One direction was to hack housing, which is to buy a 2 family house and live in one of the units and rent the other unit. But, it's really hard for ...
I'm accused of not paying the mortgage for a home I was renting out. Whenactually the home was sold to to the plaintiff in this matter on a "Subject tothe Existing Mortgage" transaction. The plaintiff missed a coupl...
I've been throwing around the idea of investing in a multi-family property for a few years now, and I've been running the numbers on multiple properties. I've singled down on one that I think I would like to purchase ...
Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit. An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k)...