To start off. I bought 2.6 acres about 2 years ago. It is raw land, undeveloped. there use to be a house on the property but since then its been burned down and hauled off. Since I do not have the capital to build any...
Hello, I made a post earlier regarding my current situation, but i figured i didn't include enough information and it wasn't very put together. SO, i come back to you BP to help me sort this out. I will continue to as...
I met with a guy yesterday who is selling a house in St Louis. He has completely gutted the house, roof is only 1 year old, inside is just studs. There is a "newer" electrical panal, but that is basically it. Will nee...
What's up BP!So a backstory that will tie into this post. Our overarching REI goal is to acquire 7-10 properties in total and pay them all off in 10-15 years using the rental debt snowball method (with plentiful contr...
Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
Curious to hear people’s views on the case? I could see the entire industry being changed or some different legal language to some legal forms and things more or less continuing as is. As an aside I do think the combo...
Hi I have question that I can't decipher, lets say there're similar asset class type of MF in one zip code. All of them purchase at cap 3.5 ; all making same rent same gross income. The difference is , the 4 of them u...
http://www.deseretnews.com/article/705340463/Stimulus-jobs-overstated-by-thousands.html?pg=2
This shouldn't come as a surprise, but new facts show more misrepresentations from the current administration. This is hard...
I just wanted to get opinions on applying the rents you collect every month to the principle loan amount.
I have 2 rentals that are currently rented. The first one I've had for 3 years. I did not escrow the insuranc...