Good day fellow Biggerpockets members! So for the past 3 years all I have done is prepare for my real estate investing journey. I have tripled my income, built a strong credit score, saved money for a DP, read books a...
Hello all,
The last few weeks I have been busy with rehab work on my properties and getting them ready for tenants. One question I am struggling with implementing the 50% rule. I am not sure how to go about it.
One...
I live in Orange County and I'm inheriting outright a 10 unit apartment complex in the Riviera/Westchester area of Bakersfield near downtown. I was planning on selling the unit, but after doing some research I decided...
I am looking at a 29 unit apartment building (brick/flat roof) that is worth $2.2M. It is 100% occupied and needs $100k in upgrades (value added items only) plus parking lot pavement of another $60k cost. The seller...
Hi all, Got a quick question for everyone. When using Zillow for analyzing or finding deals, do you find their "Zestimates" as far a arv and rental rates to be accurate or should I be cautious? Also would there be oth...
Has anybody used a IBC, CFB, or BOY policy to purchase real estate and use the returns to pay back the policy at higher interest rates than the policy charges? If so, what are the pros and cons? What are your thoughts...
We just purchased a 4-plex with a bad roof and one moldy unit for $116,500. We have a new roof scheduled to be installed in 3 weeks, but need to make some big decision on the other renovations. Each unit needs new pai...
Hi All,I found a foreclosure that looks like it was an abandoned renovation attempt that went into foreclosure, last purchased in the bubble. The house (looks) like its in good condition in a nice development - but ha...
Hey BP,First post! I'm located in Los Angeles but invest in the Midwest (Memphis, TN and Covington, KY), currently own one SFR, one duplex and one triplex, all on conventional mortgages and all with self-funded down p...