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I'm looking at a deal where the seller is anxious to sell a 38 unit apartment complex. They bought it for cash in 2005 for $1,675,000. Here are the current numbers.Asking Price $1,411,000. The normal Cap Rate for the ...
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Hello everyone,I am 23 years old and looking to get my start in real estate investing. I’d love some general tips on how best to navigate my situation. My main goal is to just get some skin in the game by the end of 2...
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I am inquiring about an existing business (Cold Stone Creameries franchise). Records indicates an average annual income of $169,000. The owner is asking $49,000-according to the information sheet on the property. This...
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I have been reading the posts about working with contractors and would like some additional information on:- What are some key questions to ask a contractor you are considering for your project?- What red flags do you...
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Hey guys, I need some help. I bought a house at an auction. There was not access allowed to view the property prior to bidding. After I won the auction, I was walking around the house to get some more ideas on what to...
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Hello everyone...
Little Overview:
I work for a telecommunications company..... Fun, Exciting, and already bored talking about it.... :)
I purchased a 2 family about 10 years ago. Made many mistakes along the way; w...
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I've started diving deep into studying Real Estate using BP and other associated products for the past 3 months. I've read, as many people have, Rich Dad and Poor Dad along with numerous other books from the BP bookst...
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I did the HARP loan back during the crash and turned my 30 year note to a 15 with plans on living in the house until paid. Situation changed and purchased a new home and decided to rent out my home in question. Dil...
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Hi BP friends,
The Problem
In the Southern New Hampshire area, we have less than one month worth of inventory available on the MLS. THIS IS NOT NORMAL! there should be 6 months available for a stable market. Now I...
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So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...