Hi Everyone! I have a rental property with the following details:210k loan balance $2500/month rent$6000/yr in income after PITI and costs todayIf I pay off the remaining balance on the loan, I will have over 10% cash...
Perhaps we will find out in the next couple of days one way or another if this will escalate further, what if Russia does invade Ukraine and the U.S. gets involved? Without going too deep, I am seeing speculation on a...
I’m new to real estate. I’ve been reading tons of blogs and books which have raised a red flag that college education isn’t the only thing I need to be financially free Funny because this is what my poor dad has be...
My question is simple. Who is investing in rural America, why are you doing it and what is your experience? Is it your longterm goal or is it a temporary goal to achieve cash flow?Lets define rural America as towns of...
I own 1 rental property in Sarasota, FL, I live in NYC. The home has well water and I hired a well maintenance company, the system has had some issues since they moved in. Every time water is restored within 24 hours,...
Hello to all! ....It's lengthy#Biggerpockets has been an awesome resource for me for the last few months while getting into REI.When I sign up on a forum (any forum) I get really hyped up on how I am going to be acti...
I would like to hear from several of the historians here that went through the most recent housing collapse back in 2007 through 2010 regarding what happened to their buy and hold strategy in that kind of environment....
@Bill Labrecque and I closed yesterday on a 2-family flip in Southington, Connecticut. As project progresses we will document the progress on this thread.Here are some of the key numbers:
Purchase Price: $87,500...
Hey guys - just getting into rental business. When you are buying a condo for rental purposes what are you looking for? I know 2% is a good rule (as in if it costs $200k it must generate $4k). In the market where I am...
I have kept rent very low on one of my units because it needed work. I'm getting work done now and would like to bring it closer to market. I'd love feedback on the following:Tenant has been great for 15 years. His ...