Trying to gain peoples outlook on investing in distressed areas in Cleveland or Detroit? Does anyone know any hot areas in these cities that will produce cap rates of 10% or more?
I am considering a small 6 bay car wash.
Turn key, owner financing 0 down, 3% seller carry back. Projected 3500 cash flow.
I am not worried about the deal, I am pretty seasoned in deal negotiation and such..
My que...
Hello all, My name is Gary Menkes and I am in the process of leaving my "9-5er" (it's actually more like 6-5!) and moving my family to the Southwest/Sarasota area of Florida. I very much want the next phase of my car...
College student interested in learning the ins and outs of real estate investing so I can take my own financial freedom into my hands.
Hi BiggerPockets,
I’m thinking of buying a piece of property in Detroit, MI (hear me out now) that could eventually house a 4plex. I know real estate investors have some negative feelings about Detroit but there are ...
Hi Everyone,
I have a Mulit-family that isn't producing and is in an area where I am trying to pull out of. I have an offer to take over the mortgage plus a small cash offer. My mortgage states that it is not Ass...
I am looking for advice for a situation completely new for me. We have a lead that asks to leverage $90,000 as 10% equity down payment for long-term (10-30-Years with no balloons/calls shorter than 10-years). CFD hol...
Hi, I live in Orange County and finishing up my last couple classes at UCLA. Looking to get into real estate investing during my off season baseball time with multi-family homes or small apartment buildings in the fal...
Starting to explore the possibility of buying a beach house and renting it out when we’re not using it. From what I’ve read, the prop mgmt fees tend to be much higher for many reasons. Is there a certain rule of thumb...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $189,500
Cash invested: $10,000
I currently reside at this location and rent out other 2 bedrooms to produce my cas...