Hello everyone!As the equity market gets more and more unpredictable i'm looking at putting money in real estate rental properties. This will be my first deal and venture into real estate. As i am living in NYC curren...
According to the U.S. Census Bureau from 1APR2010 to 1JULY2018 Bend-Redmond grew by 27.3%. That mean on average about 12 people are moving to Bend every day making it one of the most popular cities to move to in the U...
Hi guys, I'm new to the forums but have been listening to the BiggerPockets podcasts for the past few months in preparation for making my first investment property purchase. I'm really excited to get started with my f...
Hi, I'm new to multi-family rental investing; trying to get my spreadsheets in good shape.
Can someone help me understand: If the 50% rule starts out estimating 50% of gross rent goes to expenses, and folks o...
Hi Gurus,This is a duplex with one unit having finished basement rented out to a Section 8 and anther side to a non-Section 8, both would like to stay. Here are the numbers:Purchase price: $290,000 (I could spend $30K...
What are you guys paying for insurances?I am looking at one insurance bill, just for one property and it's over $5000 a year. That one I have a mortgage on with a $980 monthly payment and my insurance for that proper...
Hi BP,I am closing on a 3 family soon and will be renovating one of the vacant units immediately. After renovation, I will move in to this unit and househack. It's a 1 bedroom unit, and needs the kitchen completely re...
My husband and I are new to investing in Michigan and appreciate all feedback. I am in the gaining knowledge phase and would love to hear what you invested in first - apartment building or single home? Why?
Hello BP,I'm looking at finally taking the plunge and buying my first property. It's a quad with tenants in place and it should provide cash flow even if I am occupying one unit free of charge. My question is this: ...
Background: April 2013, I purchased a SFH HUD repo. (built in 2007) in College Station, TX for $89K.The loan is a 30 year conventional at 3.75%, 20% down. Rehab costs were about $12K so total out of pocket investment ...