Hi there!
I'm a new real estate investor looking to invest OOS in MF for cash
flow in KC, Indianapolis, and Columbus and Cleveland. My parents are
willing to fund my deals and are able to pay all cash for propert...
Hi all, I have a question about Proof of Funds acceptable to banks in REO all cash offers. I've always used a bank statement figuring that is the only POF banks will accept on cash offers.But, I have a friend who rece...
Hello! Does anyone know of any investment companies that work with those interested in BRRR properties? I’d like to purchase a third property, out of state, and am looking for an investment company that can help with ...
Investment Info:
Condo buy & hold investment.
Purchase price: $320,000
Currently have a long term renter, the rent pays the mortgage and other expenses but provides no cash flow. Planning to sell and...
Hello Bigger Pockets Community!New Member. First Post here. I'm 33 years old and I would like to reach a point of generating $10k monthly passive income from rentals by 2030.I currently co own a single family home in ...
Hello World, I have been doing research on "cash" offers as an investor and the results I have came up with is a "cash" offer can be consider any funding that is or has the ability to be liquidated without contingenc...
I'm not the first to talk about this strategy and won't be the last so feel free to chime in here. Over the past decade of deploying a very successful BRRR model across the Pacific Northwest, I've been able to perfect...
Hello BP community, I am in need of advice on whether to keep or sell a condo (2 bed, 2 bath) in LA (Frogtown/Elysian Valley) that I purchased in 2017. Complex was built in 2017 so no rent control.Purchased $480,000,...
Purchase Price - $350,000Rent - $3,000Insurance - $1,700Year built - 2008Interest Rate 4.75%25% downSelf-ManagedTaxes $7,000Cash on Cash - 10.8%Total ROI - 15.26%
What do you all think of the formula provided by Rich Dad for analyzing and valuing Residential Multi-Unit investment properties?Yearly Gross Rent x 7 (+ / - 10%) = Max Allowable OfferThe premise is that these propert...