Hey BP, I posted last month about a Duplex on the market for 280k that produced $1,250 on each side in a C or C+ location, definitely trending up. I am certain I can bring in $1,300-1,400 in rent, but I am sticking wi...
For people new to REI, fixing and flipping a house is one strategy...Your other option is to BRRRR the property.
1) Find a refinance company that will refi with low or no seasoning and low or no documents (asset base...
I have the opportunity to buy 3 room in houses (33 total units) that are in a good town and in great shape. The properties are totally renovated and have about a 12 cap. I am a seasoned investor but I have 0 experienc...
I'm looking to get started with the elusive first deal. I'm currently paying very little for monthly rent. I'm seeing some advice that house hacking or purchasing a 1-4 unit with an FHA or traditional loan is a smar...
A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870. The condominium is 2 stories and 6,540 square feet with 8 units and was cons...
Hi BP! We just acquired a house we are fixing up and may use as a rental.I found out that the city water/sewer bill AND electricity both stay with the propery. I am used to water/sewer being attached only. Has anyone...
Hi BP! I need some advice. Im looking to purchase my first home by the end of June and Im currently saving and paying down my debts. My only debts are my student loans and credit cards. I know this is probably a redun...
Hello BP!As I'm still getting more into things I'm starting to look at properties and ask myself (why hasn't someone already scooped this up?). With that said I wanted to run one such deal by the community for furthe...
Alright guys let me know what you think. This is a property in a flood zone (AE) 1st question: that will make or break it. Can you rent out an apartment downstairs if it is legally within the BFE. This is a 3/2 upstai...
I'm trying to understand how capex reserves factor into NOI, Cap Rate, Debt Service Ratio, and other metrics. Lets assume the following yearly numbers for a Single Family Residence (these numbers are made up, try not ...