My wife and I are currently looking for our first house. We wanna use our first house as a rental. We plan to live in it for about a year or two than buy another property. What I’m trying to ask is, would a townhome m...
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Hi everyone,When analyzing your portfolio and comparing the money-pit sinkholes vs the reliable cash-cow properties, what lessons did you learn? What were the common threads? Was it location, property type, class, age...
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Hey everyone my name is joe, i am 29 years old married with 2 kids. We brought our first house couple years ago, the house was build in the 70s with 0 updates so we got a good deal for it. Put about 60k in it to fix u...
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Hello BP!I am planning on making my first offer for a duplex which I will house hack, and am curious to hear from your experience who usually pays the following expenses (landlord or tenant). I am running my numbers, ...
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Am I missing something. Are there any wholesalers out there that actually leave meat on the bone for the flippers. I see a ton of posts out there with something like (great equity in this property asking $250k only $2...
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When determining the repair value for flipping rental properties, there are several factors to consider:
The scope of work: The first step is to assess the property and determine what repairs are necessary to make it...
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I've been analyzing a few properties every day, but I can never seem to find a property that will get me above the 2% test (Turner: The Book on Rental Property Investing, pg. 124). In my area (Manitowoc/Sheboygan, WI...
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Hello Everyone!!!I hope all is well. I have a couple questions about the calculation of the debt to income ratio for qualifying for loan.. I am currently living with my girlfriend and she pays for some of the househol...
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This is a reminder to all REO investors or would-be REO investors:
If your state has transfer taxes that are normally split between the buyer and the seller, most banks make you pay both sides on REO deals.
Be sure ...
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Hello :),
I saw in Brandons Topic the calculation of commercial properties in the US. I was little confused about this.
CAP RATE = NOI / COST
therefore
COST = NOI / CAP RATE
is okay for me, but in Brandons case the...