Eric K.
Potential Offer for Flip before Close
Hey guys,
I recently got a purchase agreement on a bank owned mixed use property. A business owner next to the property mentioned that someone was willing to buy it for the list price, well above what I negot...
Patrick Reagan
Oil tank contaminated soil/clean up costs
Just got a call from a seller in New Jersey, who had a below ground oil tank removed but the soil is contaminated.What would be a rough estimate to clean up the contamination?
Gary Dezoysa
Relationship between res. appreciation potential & cash flow
Hi all,Let's say I'd like to build a portfolio of 25 SFRs in a median income area with plenty of 3/2 1,300 sf houses. If I'm looking at midwestern markets, is it a fair bet that the area with $60,000 houses will have ...
Neill K.
New York Property - Refi or HELOC?
Hi everyone,I have a property fully paid in Williamsburg, Brooklyn, NY valued at 500k. I want to utilize the equity for other REI in different states as well use a small portion to pay off a bit of debt (10k). Would...
Brock Agamaite
Deal or no deal on this multi family?
Currently listed at $159,900
6 units bringing in $3,200/month in rents
Taxes are $3,092 and Insurance is approx $1,200. Tenants pay electric and heat and the property has a private well for water.
I would self mana...
Wade Funk
4-plex Development
Howdy folks! I've got an opportunity to help a developer who is going to be buying, developing, and building a 4-plex community in my market. He has asked me to help market the properties. My area is a suburb of Au...
Richard Lynch
2% rule in the UK
Hey everyone. I'm new here and looking for a bit of advice, please feel free to move or delete if this is the wrong forum.
I've read about the 2% rule for rental properties, however I'm struggling to find ones in my ...
Certain Carl
Don't know where to buy first investment property in Florida
Hello community!I'm a complete newbie in real estate investing. I own a home in south Florida and recently got some equity cash out to start investing in my first rental property. The issue is, prices here are through...
Chris Kim
New REI - Buy Points or not?
Hi BP members,
I'm looking for advice whether or not I should buy points from my lender. I have an option to refinance at 3.875% at 0 costs or I could save $189 at 3.125% at $12.5K cost. It would take 5.5 years to ma...
CJ Wilson
New Home Build Cost Comparison Tactic
Hi BP!In markets with fairly big swings in appreciation (like California), Ive heard on a few podcasts that a good tactic to tell if the current price is a safe one is how it compares to the cost to build a new home t...