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Hello,
I was reading through David Lindahl's Multi Family Millions and was curious about a particular point he made as it relates to my situation.
The fact is, is that I have ZERO experience in multi families, and...
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I've been scratching my head at this 2% rule of thumb to determine the rent price of a property. I know it's more of a guideline than a rule, but I just don't understand how I could get away with charging $6,000 a mon...
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So I am going through the lending process with another lender and we just got my rental appraised last week. Now Quicken, who has the current mortgage, has gotten the notice that I’m about to pay off the loan and then...
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I was listening to the Money Podcast, Finance-Friday edition earlier this week. @ScottTrench mentioned having adequate amounts in reserve for a rental property. I close on my first property on Wednesday the 17th. The ...
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I'm trying to find a property in my area, its not even a busy city just rural MN. There are no good deals in the area. Anytime one pops up there are all cash offers on it within the same day it pops up. Ive been tr...
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Hey ! Let' say you are currently paying a rent, you ready to buy your first property, you live and work in Los Angeles and you got $60K cash. What would you do ? (really, don't advice me... tell me what YOU would do i...
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Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...
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Building Permits provide a snapshot into what the supply pipeline (new homes and apartments) in a market will look like in 12-24 months time. The more supply dropped into a market, the more growth needed to keep occup...
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Hello and good afternoon BP, I am looking at purchasing a multifamily(2-4) for my first investment in real estate. I hope to purchase one by the end of this year as a long term hold rental unit. I am unsure about what...
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I've been making offers on a lot of properties lately, and it seems like there's just so much competition out there. Seems like more and more people are becoming buyers everyday. Understandable, since prices and rat...