Sherry O.
Multifamily in NE Minneapolis Minnesota
I am analyzing a potential deal in a B neighborhood. It is a 30-year old four-plex with the asking price of $415,000, NOI of $29,000, putting the property at 6.99% cap rate, cash on cash return is around 10%. There is...
Trudy Hoekstra
What level of finishes do you use?
I'm working with a semi-experienced flipper (3 years of about 4 houses a year) who is giving me advice (my first two flips flopped). She typically does top-of-the-line for the neighborhood and then prices at median p...
Heather Pelletier
We bought our 1st Rehab house
for 55K, ARV is 170K. If you have any advice for us newbies it would be greatly appreciate. We're hoping to put 30K into it, kind of hard for us to estimate. It needs new kitchen, flooring throughout, fix up garage...
Jeb Brilliant
Looking at SF in Indy and want to make sure it's a good deal
Hi All, I'm really new to all of this but got brought a deal I may be buying. I'm flying to Indianapolis next week for an inspection but wanted to know what you all think. It's a 1920 single family residence 3 bed 1 b...
Tiffany Rouse
Raw land
So I have a raw land deal to wholesale. It is 17 acres of undeveloped land in a small rural area outside of Birmingham, AL. This particular property is land locked. The surrounding properties were all family owned and...
James Wise
How did you spend your time today?
As a company grows an owner must work on the business and not in the business. This means that the owner must put themselves further and further away from the day to day activities that they once performed when they s...
Andrew Taylor
This Seems Like a Winner: What Say You, BP?
I'm closing in on my first REI deal, and I think I found myself a doozy.Sales price $2.6m20% DP = $520kClosing Costs = ~$39kLoan Amount = $2.119mGSI = $385,095Gross Income = $365,840Expenses = $140,778NOI = $225,062CA...
Mark Senecal
Turnkey or Notes
Hello BiggerPockets - I am rolling over an IRA into an SDIRA to use for Real Estate investing. I have a demanding corporate job that leaves me very little time or energy at the end of the day. So I need something pa...
Aaron Heun
Renew Lease or Not (Early Payer, Bad Tenant)
I am a newbie, just converted my primary residence to a rental last summer. We're nearing the end of our first lease and have a bit of a problem tenant but they pay rent early or on-time every month. We're on the fe...
Ryan Murdock
1850's 4-unit BRRRR - Who says you can't find deals on MLS??
This 1850's era 4-unit popped up on MLS one morning last winter for $80k. It wasn't a foreclosure but could have passed for one - vacant for years, no heating system, everything banged up.Within 2 hours of it being li...