Jack Feehan
Looking for first rental property advice!
Hi all! I am 24 and living in Boston working for a general contractor as a superintendent. With my work I do have a lot of knowledge on structural integrity but I always want to learn more! I am taking a look at...
Dwayne Lee
How should I invest 40k ?? Flip? Rental? Notes?
I’m going to refinancing one of rental properties very soon and should be able to pull out up to 40k. Looking for some ideas of what you guys would do with it and how you would invest it. Would you put Into another re...
Scott Michael
Question on selling before loan term ends with private money
Hi Bigger Pockets!I am reading Brandon's book on Investing in Rental Properties with No and Low Money Down. He gives several examples like the following where an investor gets a private money loan for a term, say 5 ye...
Rick Lucette
What are Buyer's Closing Costs and Prepaid Items
Hi All,A friend of mine recently signed an offer to purchase a home. The seller agreed to the following terms: Seller will contribute to $X towards the buyer's closing costs and/or prepaid items. I told him that this ...
Jordan Solomon
Difficulty with public records
Hi. One thing I'm finding frustrating is the difficulty I'm having with working with my county's public records. So many books and courses I've purchased teach how to do all kinds of searches through public records ...
Account Closed
Including property managers first month take in analysis
I'm learning that it's typical for property management companies to keep the first month's rent as a fee after placing a new tenant in the property. Yet it doesn't seem like I ever see that figured in the breakdow...
Mike Arias
Home Value when converting primary to rental
Hello, my goal is to convert my primary SFH to a rental. From what I read, depreciation is calculated on the purchase price of the investment property. In my situation, I purchased my primary over 22 years ago and I...
Sean Gallagher
COC returns, leveraged versus buying all cash
So a good COC return is a lot easier to obtain when using leverage. When purchasing all cash on the same deal it's a lot more difficult to get a similar COC return, the numbers aren't even close. If purchasing all c...
Andrew Barajas
Lease-Option: Buy Price
Hello! Any lease-option sellers out there that can help me? If the lease is for two years, how do you calculate a reasonable buy price at the end of the lease if the buyer exercises the buy option? I have tons more qu...
Trent Rogers
Current Private Money Terms?
Good Morning BP! I've never used private money to purchase a property however I may have inadvertently found a pm lender. With institutional rates on the rise over the past year I'm curious what rates/terms most priva...