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I am about to close on a turnkey property in Memphis, TN. One thing I just noticed is that there are no garage doors in what was previously a two-car garage before they did the rehab. It basically looks like a cover...
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Hello BP friends, I just love reading all the wonderful content on this site! I can literally spend hours reading and soaking in all the great stories and advise from so many awesome members. Before I share my recent...
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Hi guys, I read reports on real estate investing and there is something I do not understand. Please enlighten me. I saw something inside the report like CAP RATE 15.2% ....
What is
- The meaning of CAP RATE in laym...
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Hi allI've very recently purchased my first rental property. It is a small 5 bedroom single family house located in Minnesota. The house was actually built in 1870, but is in very good condition. One thing I'm worr...
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I currently have a rental that is about half way through its 2 year lease. The current lease is for $2,350 a month ($100 below market at the time for a 2 yr lease) but a similar property recently rented for $2,600. Ba...
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Hi all,I am curious to hear how to go about preparing their criteria/checklist that I should look in a potential investment (for Buy and Hold rentals), and what indicators I can look at in order to maximize my investm...
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I closed on my first rental property in Bucks county, PA last month (woot woot!!) It's one of twin units in a brick house, three stories high including an attic which we will be converting into a master bed and bath t...
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Hello Bigger Pockets brain trust,
I'm looking at a 4 plex... cash flow looks decent, ~$120/door. Cash on cash looks like it would be about 9.5% (Brandon Turner talks about trying to get 12%), and Cap Rate is looking ...
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I am a fairly new investor, and just got a call from my property manager in Kansas City (I'm in California) that the house is destroyed. The property was between tenants, and the manager was there last night to ma...
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Hi all -
I've put in a cash offer on this property:
http://www.indexpost.com/property-for-sale/wyoming-cheyenne-82007-204-stanfield-ave/
for $75,000 using this formul...