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Hello,I own an upper/lower duplex in Milwaukee, WI. I live (well lived) in the lower unit, and rented out the upper unit. BecauseI lived in the home I had a homeowners insurance policy (not a landlord policy). On Chri...
Hi! My name is sheila and im a nurse and my husband works for coke. Last year i made 247k (before taxes) and my husband made 80k. Our taxes for 2022 was 54k so we ended up owing 3200. In 2023, im estimating making 312...
First time poster, long time follower. Looking at a potential investment in Jersey City (The Heights) and could use some more eyes to see what I'm missing. Details and analysis below. Any feedback is much appreciated...
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Hi BP. Looking at a 5 unit, would appreciate some thoughts if you have them.5 units, all 2 bed / 1 bath:Purchase Price: $275,000Mortgage: 30% Down, 5.15% on 20 Year AmortizationTaxes: $2200/yearInsurance: $2000/yearM...
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I'm a little confused on how to calculate the DTI ratio. If a rental property is in your name, and let's assume that 75% of the rents offsets the PITI but you have no cashflow. Let's say you want to go out and get ano...
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Looking to the BP community for creative ways to boost NOI. I'm looking for the most creative things people have seen or can think of, irrespective of how impactful it actually is to the bottom line or how much it wou...
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I was having a conversation the other day with a good friend of mine who is in the development and asset management world about a property I'm interested in purchasing. The property is currently 100% occupied with se...
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When the good times are rolling we often forget to think about the negatives. That said I decided it might be a good time to Stress Test my real estate portfolio, before I went on another expansion/acquisition round i...
Hey everyone, I live in Brooklyn, NY and I am looking to house hack. I was wondering if anyone can give me some information/guidance if getting into house hack in NYC (expensive market) is doable or what kind of asset...
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Hi all,I'm looking to see how close to breakeven I could get with some property in my area if I ever move out, but mostly would only be able to afford condos that have $300-$600 HOA fees.Can people give me a sanity ch...