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The more I read and hear about REI, the more excited I get to begin my life as an investor. My husband and I will be buying our first home in June and decided to get a multifamily and owner-occupy with the idea being ...
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Hi everyone, We're looking at properties in South Florida for a possible STR. Tough market for sure, but we have time and wanted to be within driving distance for our first property. I'm trying to get data and looking...
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Hello Fellow Central Texans and BP Community,I am relatively new in learning the niche of flipping. I have read several BP books to attain knowledge and education foundation of real estate. Likewise, I just moved to...
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Hi everyone, I can tell from reading the forums that there are several talented and knowledgable resources for investors in the Providence RI and surrounding areas. I have been out of investing for a few years to focu...
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Anyone else active or getting into the Poconos for STR? My husband and I are looking to buy our first STR and targeted the Poconos since we live in the Philly area (about 2 hours away) and we've vacationed there dozen...
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Hey Everyone,
As a recent college grad with a finance degree and a knack for real estate investing, it is striking to see what is going on in the housing market. Before I delve into why I believe this, I wanted to ru...
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The basic information for this post has come from the book Aftershock written by David Wiedemer and Robert Wiedemer with the assistance of Cindy Spitzer. These are the same authors that four years ago wrote America's ...
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I guess my question is how accurate do you find the 50% expense rule?
If you gross rents are $2500, a margin of error of 10% on your expenses would result in a $125 difference in cash flow. This might result accepti...
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Orange, Nj Lincoln Avenue Single family colonial home w/ 6beds & 2.5baths huge living and dining areas no repairs needed; only upgrades $30k Arv is at $240k and asking Price $125k
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I'll give you some averages I was told and please tell me if any of them are incorrect of if I'm missing anything.
Example property value: $100,000
1. Down payment - 20% of purchase + 4-5k in closing costs = $25,00...