[Advice needed]TL:DR - Tenants repeatedly made various maintenance request, most request were followed up by professionals that said that the request were not justified, including Building Code Enforcements. Sending t...
Hi -
I am currently under contract for a 1960's era home in Jersey City. The home has a central Oil-Fired furnace which provides both heat and hot water to all three units. The current owner has agreed to remove the...
Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...
Avid podcast listener, but first time dipping my toes into the website and now this forum! My limited journey in real estate has now led me to BP.
A bit about my journey so far - I was finally able to purchase my fir...
Im looking at 2 family which will be bought as follows:20k Cash84,300 Private Money LoanI have a bank that will refinance at 80% LTV (130K ARV = 104K mortgage).I understand that the TOTAL Cash Invested shows 0.00 but ...
First let me be sure I understand what it is.
Capitalization Rate = Yearly Income/Total Value
Now right here I already have a problem. I would expect "Total Value" to be what it cost me, but apparently ...
What do you look for when hiring a property manager?What are some red flags that tell you to avoid that property manager?
This is all very tentative, but I may have the opportunity to buy 2 multi family properties in a solid B, borderline A class, side of town. One is a 7 unit which matches the area. The other is a 6 unit which I would ...
Please Evaluate my deal:This is a cash deal being done in NJ. If there are any numbers that look low, please let me know. I plan to have this as a buy and hold for a while. This is a mostly CASH deal in west New Jerse...
Hi Everyone,I have a few simple questions regarding BRRR and subsequently refinancing that property. I am located in the tri-state area and am looking to grow my portfolio. I currently own one buy and hold three famil...