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I thought I found a solid deal.....FHA owner-occ on a 4plex.. I had been asking to see the rent roll, and finally got it. Here's what I found:1) One tenant has been leasing for 8 months and has had 3 late pays. Cu...
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hi bp community, i am a newbie in los Angeles looking to do my first deal this year. Ive been looking into Bakersfield ca. Anybody out there invest in Bakersfield that can give me any tips ; what do SFR rent for out t...
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First let me start out by saying I have a hard enough time remembering the truth, but wow - this was one heck of a ponzi scheme. Why am I posting this:1. This was done in 2018 - 2022, when real estate was doing very w...
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Hi everyone,My name is Shay, new to biggerpockets. I'm very interested in cashflow investments in Chicago. Lately I've looked at the northern neighborhoods. As you can imagine the cash-on-cash is challenging there, so...
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I need some suggestions on how to handle a situation with my tenants. This is my first investment property in a C class neighborhood, and I thought I had some good tenants, but there have been 3 late payments for rent...
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Hello BP Friends - Not sure where to post this, and looking for feedback. We are a couple of newbies ages 50 and 54, residing in NYC, and have been advised by an experienced investor (from BP) that we're too old to be...
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This property is in the north end of Wisconsin. I used to live in this duplex and I moved out to convert it to 100% rental and refinanced. Other topics I have researched about changing the basis include "you don't tra...
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Been buying C- rentals for the past few years. I know everyones definition of the classes is different. My definition of C or C- is not anywhere near a war zone. But an area where 35% of the tenants are on some sort o...
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What is considered a good net profit when you sell a property? I know that it can depend on many factors like how much you invest from a dollar perspective, percentage perspective, and time. If you purchase for $1M a...
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Hi all, I was just on a US thread where the theory of the case was roughly that gateway cities (NY, HK, London) are always a good bet. I posted these numbers there because I'm always interested in relative value bet...