I own two condo out right that I am currently renting. Both units rent for $900. My fixed monthly expenses are, HOA $350, taxes and insurance $125, totaling $475. I bought them as REO's for $39,000 & $50,000 i...
I'm looking to purchase my first investment property and need help figuring out a strategy that will work for me. I have about $300k in equity (based on a BPO performed in July 2023) but no cash. Whatever I do, I woul...
Hello Bigger Pockets people! I am new to the real estate investment space, and after a few books and hours of YouTube videos, I am knee-deep in my search for an FHA-financed, multi-family house hack in the greater Pit...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $189,500
Cash invested: $10,000
I currently reside at this location and rent out other 2 bedrooms to produce my cas...
Hello!
I am looking into doing a HELOC on my primary residence to have the cash on standby. Typically people talk about essentially doing the BRRRR method and paying off the HELOC principal after they cash-out refina...
Hi folks, I wonder how much you consider Cap Rates for a rental when using BRRRR. I suppose if ultimately you can stomach the risk, and your investment turns out to be 0 bucks... who REALLY cares if your cap rate is 1...
I am new. I have been working with the Property Analysis Worksheet and have a question about depreciation. Depreciation is the amount we can claim as a loss each year against our profit. If the property real...
Hello all,
I am a new investor thinking of purchasing a condo as it's the most my cash on hand can purchase. In your experience, has condos gained much equity after updating the kitchen and bathroom? This won't be a ...
BP Community:
I wanted to reach out to the BP Community to see what would be the best real estate investing strategy in order to make this deal happen.
Here is the Brooklyn...