I'm very new to REI and I'm having trouble understanding how to think about the numbers and evaluate a property. I have it on my "business plan" to run numbers for 50 potential properties, but that won't help me if I ...
Hey everybody I'm currently in the talk of getting my first deal but I am dealling with an unmotivated seller. The building has no heat, no eletric. The sellers plan was to build a 3 family there but zoning will only ...
I just finished my 2013 numbers and am once again amazed at the validity of the 50% rule. Here are my numbers for the past several years. The number of units is the average units held throughout the year. To be cle...
I recently finished reading a real estate book where the author recommends tying up a property quickly (if initial analysis suggests the deal is a good one) and then doing the due diligence. This sounds pretty obvious...
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I'm having a tough time here..
Basically here's what happened:
- Found a very nice lot for a decent price that looks like it's been for sale for a 2 or 3 years.
- I write down the phone number that they have on the f...
I'm in the middle of pulling out equity from one investment property (HELOC or 2nd mortgage, whichever gives me the best rates and LTV) and then using that money to put a downpayment on a second property, thereby need...
Hired a contractor to do a what was supposed to be a small renovation project. Renovation was supposed to be $11,450. Start to finish. Basically after 3 weeks, behind schedule & him not showing up to job for a...
hey BP! So tomorrow I will be going to an open house to check out a triplex. I want to see if you guys think the numbers are good and see if it's a deal i should put an offer on if everything in the property looks goo...
Hi All!
First of all, I'm loving this community. So many active and knowledgeable people! It's awesome!!
Okay so, there's a lot of talk about, "getting/finding a good deal".
To me a great deal in a multi-family a...