If a property is purchased using a Self-Directed IRA, and is retained as rental property, can that property be financed out of the IRA into the company/owner's name with payback of the funds drawn on the IRA? What ru...
I have a now beautiful home in the Fountain Square District of Indianapolis. I have $400k into the property and was assured that I could sell it for $500k. Of course, that was at the beginning of the year. My contract...
Hey everyone,Just bought my second multi family and things are going well!My path/plan has been as follows.Bought first house/ triplex with first time home buyer 5% down conventional by claiming residency for a year.B...
Hello I’m new to biggerpockets and was looking for advice on the best way to get into real estate based on my situation because I’m 21 and work 80 plus hours a week of construction and I don’t mind it but investing an...
Hi BP Members,
I hope you're well. I'm analyzing a property for purchase and the cap rate is 5.73% and cash on cash ROI is 5.07%. The monthly cash flow is $291.46 total for the duplex. While I think the rent could...
A laser car wash popped up for sale locally and is advertising an awesome 11% cap rate. Is this typical for a car wash? Usually higher cap rate indicates a risky investment or am investment that is difficult to manage...
Does it make sense to owner occupy a 3 unit at a 600-700$ loss per month until I rent out the 3rd unit after a year of living there ? Afterwards would profit estimated 500 a month. My concerns are a low cash flow for ...
So I have 6 months of expenses set aside in reserves. Is this an acceptable amount to then increase my cashflow a bit and decrease the amount going into reserves? When below 6 months reserves, I do 10% maintenance, 8-...
Hi Everyone,
I hope you're all doing well. I'm reaching out to this forum in the hopes of gathering some innovative strategies for real estate investment, given my current circumstances.
Here's a bit about my situat...
Hi all, I’m a newbie and I really want to get started in real estate investing this year. I have put my investing plans on the back burner for several years and now I have the time to do it, I just don’t have the ...