Just got pre-approved for a jumbo fha loan on a 3 family in Boston. My rate is under 4% and the property is 800k. The 2/3 of the units cover the monthly costs of the building. I am new to buy and hold investment prope...
For those who buy, rehab and rent, do you factor in your 'non fixed monthly costs' into the equation to determine your projected COCROI? I guess by, non fixed monthly costs, I mean:- vacancy fund (do you factor that ...
It's been brought to my attention that I should be paying myself for self managing my Duplex and that even though my cash flow is higher in the end when not using a PM, it's my time that is more valuable and therefore...
Hi there! Getting used to the BRRRR calculator and I'm hoping someone can help me understand if I'm inputting this correctly or if I'm missing information. View report
*This link comes directly from our calculators, ...
Hi all!I'm new here and this might seem like a newbie question, but I'll shoot anyways.Right now I'm looking for a SFH in the Pasadena/Arcadia area for my first real estate purchase. The problem I'm having here is tha...
Hello Bigger Pocket friends - I have an urgent question to ask. I sold a house couple of months ago. Buyer wanted some plumbing repairs done at the property and he send me an amendment for repairs. I had the repairs d...
My strategy has been buy foreclosed properties that need work pay cash for them (using HELOC on personal home). Put in sweat equity to fix them up and I rent/maintain them myself. In 6 months I get a cash out 30 yea...
Hello,
Great to be here, as a newbie - so much good information! Hoping to gain some clarification/insight, as I must have missed something: I don't see how to carry a newly rehabbed property for the typical 13 mont...
Most of the expense assumptions I use are based on rent. For example, I budget 10% of rental income for PM, 10% for vacancy, and 10% for capex/maintenance. Then there are fixed costs: I generally budget $700/yr for in...
I've been driving for dollars to generate leads. I have 75 potential properties right now but all of the skip tracing services I've come across require very large batches. Are there any that do 50-100 for a reasonable...