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So I recently purchased a "home" in Illinois, for me and my family with the VA loan, and I am renting it out until I finish my service which is 1 1/2 years in Salt Lake City, UT. By the end of the year I would like t...
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I am looking for my first investment opportunity, but I live in Mass. :(I subscribed to Lisa Phillips webpage to try to find a rental property that is under 30k. She has been very helpful, but I've been having trouble...
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Hi everyone,I figured someone might benefit from my experience so I decided to post my story here. I will try to keep it short but I will respond with any details if anyone asks.I purchased a triplex in August 2017 th...
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I am considering purchasing a multi-family property in Northern New York. It's listed at $103k as a 4-Unit with an office, however the owners have the office rented as a 5th unit. They told me that they don't report...
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I had a question for you regarding our first deal and hopefully you can help us. We are from San Antonio, TX, we bought a home 1.5 years ago and we are currently living in it. We extended our kitchen into the garage a...
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I discovered the BP community about a month ago while looking for RE podcasts in iTunes, and now I'm totally hooked. My goal is to build a portfolio of investment properties, but I'm a 9-to-5er who's hasn't yet pulled...
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$ 289,788 Mortgage Balance$ -31,627 Est. EquityComps:$180K$216K$270K$176K$145K = 987K divided by 5 = 197.4 (ARV).65% x ARV = 128.31128.31 - Repairs (25K) = 103.31103.31 - Profit (10K) = 93.31 (Offer for seller)I’m new...
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Hello everyone,I was wondering if I could get some of our insight into a dilemma that I am facing. For a bit of context I am a software developer in Austin Texas. A family member of mine is offering me a small cabin...
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Hi, I am a newbie to this community. I just start REI recently after attending a real estate investing seminar. I come here to learn, communicate, share, grow and hopefully I can reach my goals step by step steadily.
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Hi All,I'm questioning my approach after several decades, old dogs they say ....I want to evaluate the purchase of a SFR. I normally account for my overall cash flow as rent minus expenses, where expenses are mortgage...