Hello,
In the process of purchasing a Duplex in Downtown Columbus for 300k. Some minor work to finish renovations but overall in fantastic shape. Positive it will be able to cash flow well from Day 1 really.
I have...
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I just got a quote from a mortgage banker of 5.65 for 10 years/25 year amortization for a commercial property. Seems like a pretty good deal, although the payments are all interest. This is a property that is paid f...
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I have read his book "The Complete Guide to Buying and Selling Apartment Buildings" and I'm creating a spreadsheet using his "Value Play" model. And one of his calculations is confusing me. How does he come up with t...
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Hey Folks,Any one hear of or have any experience with NorthCoast Consulting Group?Seen a YouTube where the owner/principal provided a process to scale quickly. Want to know if this organization is what it advertised t...
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I currently am in my mid-twenties and own a 3Br Condo in Northern Virginia and rent out one of the bedrooms for 800 and the mortgage is $1,500. What should I do with my discretionary cash flow?1. Set up a solo 401k?2...
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I recently verbally agreed with a seller in my neighborhood to purchase a townhome from him for $130,000. As I understood the deal, he would finance the purchase and I would pay him $700 (542 in interest and 158 in pr...
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I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
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Hello Bigger Pockets investors. I am interested in purchasing some properties in my local market via seller financing. I have not done this before. How are these type deals “typically structured”? Or how have any of t...
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Its strange the Mortgage Company's rule of thumb is it does not pay off in a few years don't by the points. This is an investment property that I plan on holding for 10 years or so...
What do you all think is the be...
I am sure this question has been asked 1,000 times so if someone wants to direct me in the right place, I would be very appreciative.
In my town, a normal Cash on cash return is around 6-7% if you are paying ...