Here is what I am considering for my 1st deal:
$63k purchase price for a duplex
Rents are $550 each unit + utilities
RE Taxes are $1,517 per year
Here is what I underwrote:
20% down
6% fully amortizing 30 year loan
...
Say you have 20 million to play with... How would you find great deals in NYC? (Think critically about it for a second. Don't just make a joke about having or not having $20M!)
I'm looking for advice from people already in the investing in the Saginaw Bay City area. I'm ready to get into the market but would like to know how the market is in this area. Any advice would be appreciated.
I’m wondering what you should say when bylaw calls about your bandit signs? I’m not looking for an answer saying that I should just comply with them. I’m looking for a way to dodge them and continue putting up bandi...
Hi guys,I live in a condo (townhouse) and I just called the number on the sign attached on one of my neighbors that just left (i didn't really knew them). For my surprise the agent that answer my call told me the prop...
I'm thinking of investing in a 2 bed, 3 bath condominium in Bridgeport, Ct. The asking price is $175,000. The HOA fees are $150/mon, Taxes $300/mon. Most similar properties in the area have been leased for between $15...
Hi guys, so I'm completely green as they would say. I've read a couple books, perused the forums, and have listened to about the first 80 episodes of the BP podcast in the last two to three weeks. My long term goal is...
Hello. This is my first post on BP, and I have a couple questions for anyone who's a CPA, or has had a similar experience. I just sold my primary residence, I used the profits to pay all my credit card and other debt ...
I am an amateur when it comes to real estate investing. However, in 2012 I made a homerun deal that if managed properly it can get me to my new realized dream of becoming an actual investor. Here's the deal:
I bought...
Hello All,
I’ve been very quiet here on BP as I didn’t feel it appropriate to post much since I was only starting out. Now that I’ve fully completed my first flip, I wanted to share the details in the hopes I can ge...