Matthew Anderson
First Deal analysis help! Used the BP Rent Calculator
Here are the numbers I have running through the calculations. I would appreciate any analysis help or any tips on how I might have erred. I tried to be conservative.Purchase Price: $45,000.00Purchase Closing Costs: ...
Beth Anderson
What to offer, needs alot of work
I am interested in paying cash for a short sale, it is a log home that needs tons of work and has been on the market 2 years, apparantly vacant at least that long. We would probably tear it down and build a traditiona...
Howard Todd
Building my first list; Willimantic CT
Started with tax liens, since the list is readily attainable before and after work. Once I have finished I'm going to pull each property for date sold. (I haven't decided whether I want to keep the ones that are un...
Jash Sayani
Non-warrantable condo mortgage
Hi,I have been looking at properties in Florida for rental. I see that most condos are non-warrantable (more than 51% rentals) and hence Frannie Mae or Freddie Mac will not buy them. Hence they are non-warrantable.I n...
Chris P.
Factoring PMI in COC-ROI
I'm looking to buy a 4-unit property through a FHA 30yr Loan at 3.5% down. I plan to live in 1 unit and rent the remaining 3. My question is if I should factor in PMI when running my COC-ROI numbers through the Bigger...
Kristin Dee
Financing First flip
If someone has the cash to buy a flip, is that the best way to go? Cash to buy and then cash to renovate. (I would assume yes to lessen the carrying costs but total newbie here wanted to make sure I wasn’t missing s...
Melinda Rupard
Tax depreciation for pool
Good afternoon,I've been told conflicting information on this question from other sources, so I wanted to ask for clarification here. One of my rental properties has an in-ground swimming pool. When I bought the prop...
Kristina Xie
Decision on where to invest as a beginner!
HI Everyone! I am a beginner although I've watched my dad invest in a few properties in NYC. I am looking to venture out and purchase my first rental. I am unsure if I should invest locally (within NYC) given that it ...
Nick B.
Feasibility of building a master list of multifamily properties in your area?
I'm starting to hone in on my first multifamily property! My priorities right now are determining an appropriate market rent for 4plex units.
I'd like to build a list of all properties in my area (pop 350,000+) to ...
Karina S.
How much money did you put down out of pocket..?
Hi guys, Out of curiosity, I am wondering how much money out of pocket did you put down on your first investment property? I know this number will vary depending on many factors.