Greetings BPers,Looking for some opinions on building new multi-families to hold as long term rentals and possibly live in one unit. The market where I would build: medium size town with median home price at $331K, av...
Hi BP Cleveland,Wanted to know what are generally good returns on house flip? Also, here are the things that I'm factoring in the flip costs, please let me know if i'm missing anything:Purchase priceRenovation costsRe...
As a newbie, What would be the absolute minimum Return on Investment for a FLIP in Southern Cali currently? I have been playing with the Flip Calculator Analysis and would find it helpful for a healthy range that peop...
Hello All,
I am new to the RE world, but have been tracking Biggerpockets forums for some time now. I am here to draw out a plan, and would like you know what you Ladies & gentlemen think. My plan is only for Mul...
I've found a couple of empty lands in downtown Michigan. It's strange to see a parcel of land just completely empty in downtown when everything else is filled. Most likely it's not for sale since i don't see them post...
Hello BP community.
I have been analyzing some 5 unit multi-family properties lately and was wondering when factoring in cap expenses at 5%, should that percentage be per door for 25%, or should it just remain at 5%...
I bought my first rental property earlier this year. Cash flow after I move out (house hacking) and renovating should be 200-300. 30 yr fixed mortgage @ 6.625% with about 76,000 left. Over time, I'll end up paying 96k...
I own a SFH.Bought it in 2009 at 385K + 50K in rehab = 435KCurrent Market Value 785KCurrent NOI = 32K Annual = 7.7 % Cap Rate on my investment, 4 % Cap Rate at current market pricesshould I continue holding it or sell...
How To Get Rich:
(and it’s no secret)
(1) Be Efficient with Your Time & Money
“In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two words: industry and fr...
In a few recent conversations with different folks, it has come up how they are calculating financial performance on multi-family projects. And to be honest, I feel the need to generate a specific post on this, since ...