Good evening BP! A couple of quick questions if I may... I have bought an off-market duplex with inherited tenants. Basically a turn-key property. Here are my question...1) When I went to introduce myself to the ten...
when you're at a Lakers/Knicks game and your reading BP posts. Damn I need to get a life.
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 ask myself these questions last year when I wholesaled my first property. And I didn't answer yes to all of them, now I ask myself and they are all yes.
This is a true investor:
1. Are you protecting your assets
2...
Hello everyone. Im a young real estate investor with the idea of developing a condiminium complex here in the Indianapolis area. Now two days ago i went and spoke to a banker about mainly a home loan but, i did happen...
I'm sure this has been discussed ad nauseum on here but are Airbnb / STRs valued differently during a property sale if they are performing cash flow-wise? Or you guys that have sold them just go with market valuations...
I am in contract on a 6 Unit with an oil tank that can't be removed for being to close to a utility pole, seller says he won't mind if i back out of contract based on this. (He has another buyer that will take it as i...
I was wondering what people average on Retail or wholesale flips.
The price range I am dealing in is 50-100,000 purchase price.
Thanks,
Should I pay an extra 30k above the appraised value? It is multifamily. After said expenses, fixed and variable, it would net 2k a month. The CoC is 34% and the cap is 7.6%. I just dont feel good about paying an extra...
I've been involved in the SFH game for a while and have had some success with it. But lately, I've had a strong desire to jump into investing in multifamily units. I'm currently reading the book Multi Family Million...