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I have different things about running numbers when analyzing deals. My question is how much do you budget for : Closing costs: (I’ve heard 1.5-2% on Real Estate Rookie. I’ve read Beardy Brandon say 6% to cover realto...
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Hello BP. My father purchased two properties way before I was born in the Philadelphia area. That said, he has rented the properties out for years. However, recently I performed a tax search on the property and I not...
Hey BiggerPockets,What are everyone's thoughts on the recent mortgage rules being rolled out?http://www.canadianrealestatemagazine.ca/news/mort...http://www.canadianrealestatemagazine.ca/news/genw...Some thoughts:Are ...
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Hi guys,Quick question..I have W2 job and last year did around 85K gross from my job..Also in October last year I bought investment/rental property with 30% down..today my tax person told me-I owe the government $ 3,5...
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HI,
Is opening a LOC on my primary a good option to fund flips or is there a better solution to get the funding? There's no charge to me to get these funds except a yearly fee of 200.00.
Thank you
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How can I correct cashflow issues if I have 3 properties? 2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%. Although I have 2 steady tenants in the pro...
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I made an offer today on a 5 family house in the Bronx. Please let me know what you think about my analysis,calculations, and offering price. Asking price..850,000
GR.....75,600...No vacancy added 10% for vacancy......
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Hi,
The point of this message is to try and find out what a good real estate investor does when crunching the numbers before they acquire real estate. Can you please look at what I did below and tell me the pos. and ...
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Non investor family member contacted me about todays closing. He just purchased a condo for approx. $185K. 80/20 Note is approx. $1400 w/ $200 HOA($1600 total). I think this is ridiculous, but I could be wrong. Any...
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Dear BP family,
I was wondering what's the correct way of calculating how much of a drywall (Sheetrock) will i need to completely re-do a 1000 sq ft two-story home, including the ceiling as well but excluding the bas...