Hello Everyone! I am looking to get a deal done on a property that I am currently managing for a couple who have recently divorced and live in a different state. The home is a nice 3 bed 2 bath home 1800 sq feet. I ha...
I came up with a new way to quickly evaluate if a deal will cashflow.I call it the 10% Rule: if annual gross revenue is at least 10% of the financed amount (after putting 25% down) then it’ll most likely cashflow.For ...
i live in nh , I am closing on a 3 family next week , 2 are empty and I have plans to redo them , one unit has 3 tenants in it that owe the previous owner 7000 $ in back rent , they were handed and eviction on 11/1/15...
Hi BP. I don't post a whole lot but find the BP forums to be very informative so just looking for feedback or advice. Long story short, decided to not renew a 2.5 year tenant that paid the rent,kept pretty much to hi...
ContextFirst time investing with a PDX flipper (great at what he does) and happens to be a good friend. He is raising private capital and the deal seems bulletproof, but would love feedback to better understand if I'm...
http://realestate.aol.com/blog/2013/03/26/mabel-bobo-loses-charlotte-home/
Article title: Mabel Bobo, 88, Loses Home When Investor Buys It for $5,000
I think this is what the public sometimes thinks of real estate ...
My wife and I live and work in the San Francisco Bay Area, have roots here, and plan to stay. (Great place for a rookie to cut his REI teeth, right?) We are about to sell our SFH (not a profitable rental), which sho...
I've heard multiple multifamily syndication sources say that if the deal is good enough, the money will find you. Thus, focus on finding a great deal and raising the millions of dollars you need will be easy. Does any...
What services does a real estate agent provide for an investor?As a newbie I've been working with a real estate agent who owns apartments and other properties so that I can learn of few things from him. Recently, I fo...
My wife and I just bought our first triplex with an FHA loan. We are currently living at the property and quickly realizing the one tenant is trouble.. I believe they were quickly put into the unit before the property...