David Rosenhaus
Getting started with a risk-averse spouse
Greetings fellow BPers,Here are the pros and cons as I see it, of having a risk averse spouse:PROS:Every move, thought, plan, expense, phone call, email is questioned. This is good because it forces you to be sure tha...
Kenneth LaVoie
"move in" type deals
I am about to make my first offers - single family "low retail" -- ie. 100k house for 75-80k - virtual move in condition, but might want to put 2-3k in for "updating" -- these homes have newer heatings systems, new wi...
Lashawn McCauley
NYC Program that pays 1 full year of rent
NYC's Human Resource Administration (Public Assistance) has a program called S.O.T.A (Special One Time Assistance) specifically for employed people whom live in NYC shelter system. (Most of the people fell upon hard ...
Scott Passman
New investor excited to interact with the BP community
Hello everyone,My name is Scott Passman and I am a new investor based out of Batavia/Geneva, IL. I just started learning about real estate 4 months ago and I have been hooked ever since! I have spent every free mome...
Daniel Fudge
Success leveraging equity in home for down payment?
Hi BiggerPockets Team,I am moving out of state soon to take a new job, and would like to transition my current residence to be a rental. Would also like to use the equity in my current residence as a down payment for ...
Josh Malenfant
Managing General Contractors
HelloI have found that many individuals have had issues with General Contractors whether it is a simple reno for retail buyer, to a full on project for an investor. I have heard several horror stories and wonder if th...
Chris Risi
How to use Cap Rates to underwrite Deals?
Hi all, for some reason cap rates confuse me. I was recently told, the lower the cap rate, the higher the property value. For some reason, I always thought the higher the cap rate, the more valuable a property should ...
Abdul Azeez
Where to buy my next investment property?
Folks - I purchased a property in Jan 2017 in Memphis, TN and the following is the analysis over the last five months. As you see, net income is -$5206.15. A few key things:1. The reason for negative net income is bec...
William Fields
Brand new to real estate investing.
Hey my name is William out of Washington county Alabama. I’m looking into getting into real estate. I like the thought of single family homes,but in todays market I feel like I wanna go multi-family dwellings. Prices ...
Leandro Zhao
How can you invest in SFH that cost over 500K?
In my city, SFH goes for about 400k, and the rent for those unit for 2.5k. After the mortgage, the landlord has no money left to pay for any other fees (property tax, maintenance, etc). Is there anything i'm missing h...