Michele Burkhart
investing strategy questions
Hi,
I am a real estate agent with Investing N Florida in Tampa. I am also interested in gradually building my own portfolio. Do you think it is best to first max out Roth IRA before investing in real estate? What is ...
Ted Klein
Inherited Tenant With Small Dog & No Pet Policy
Hello BP, I just closed on a duplex in Marysville WA. One unit is vacant and the other has an inherited tenant with a small dog. There is a $200 non-refundable pet deposit in place. When we purchased the property we w...
Account Closed
Raising Rents on a New investment.
If you are about to purchase an investment property as a long term buy and hold and the current rents are below market, what would you do? Would you ask the current owner to bring the rents up to market value before c...
Kris Fox
Inherited Tenants with Low Rents Question
I've got a package of 3 SFRs under contract. All 3 tenants have been in the houses for 10+ years and have not seen a rent increase since they moved in. Current rent is $700Market rent is $1000-$1050 after I go in an...
Aidan Birmingham
How to determine how much principal remains when balloon payment is due
I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...
Tek Chai
Zero-interest-rate policy is over!
Janet Yellen just announced the interest rates increase. Zero-interest-rate policy is over but the increase will be gradual. What's your thought in the context of the real estate industries?http://www.marketwatch.com/...
David de Luna
[Calc Review] Help me analyze this 7 unit MF in El Paso
View report*This link comes directly from our calculators, based on information input by the member who posted.The bain of my existence has been that mobile home on the property. Most commercial lenders run from me wh...
Ozzie Sezen
What cities in NJ would you advise for affordability & cash flow
Hi Biggerpockets community,I am preparing to invest in my first rental property. I live in Queens, NY. I want to choose a place closed by so I can do my own PM. NJ seems to be a good place to invest.What
cities in NJ...
Euan Arcia
San Diego Flip - Bonita
Just closed escrow on our latest flip in Bonita, CA. Purchased the property for $488k. It was a 3 bedroom, 2.5 bath w/ 1772 sq ft. We loved the floorplan and how it was a single story SFR which is very desirable in th...
Jason Campbell
Can I raise rent that has been to low for a long time. Canton, OH
I have a friend that owns a number of single family homes she rents very cheap. My friend is going through a divorce and has asked me to help manage her properties. The first thing I noticed is that she is renting her...