Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...
I have been following the "Is it possible to get rich" thread, and I got to wondering, "What is my number?" I think we all have or should have a number/goal in mind to think we have it "made". I know it is always said...
Hi All,I found some $20k already rented properties in Detroit online last night and I'm just curious why everyone hates on Detroit so much. @Joshua Dorkin and @Brandon Turner why do you guys beat up on the city? Is it...
I own a triplex. I live in the main house up front which has its own water and electric meter. I have two small homes in the back that share a water and electric meter. How do I handle utilities for these homes since ...
I am going to purchase my first investment property sometime later this year, and my research has pointed me to 5 different markets for a good mix of cashflow and appreciation:
Columbus OH
Memphis TN
Indianapoli...
Hello BP! your opinions and thoughts will be very appreciated.I have currently been crunching numbers on deals in the Broward, Florida areas. I am using the BP rental calculator on duplex,triplex, and fourplex in the ...
okay, I've been positive Pete for weeks upon weeks, I'm a US Marine and aggression comes natural do this was coming eventually (hope you don't mind but we all need to vent sometimes).Why in the Hell are people so unr...
What's preferred: (1) High cash flow, but low chance of appreciation, OR (2) modest cash flow, but high chance of appreciation? I had a discussion last week with a fellow investor, and we were debating the merits of e...
There have been some threads recently talking about working hard, spending less than you earn, etc. so I thought that there would be a thread on the subject book. I couldn't find one so I thought it would be a good i...
Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal...