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Hi BP -You guys have helped me immensely over the years and I am finally at a point in my investing career where I can embark into apartment buildings. I'll be honest though, the idea of writing an LOI and all the jaz...
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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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Hey all, I quit my W2 6 months ago with solid reserve set aside and a proven business model. My business is going well and my wife was being offered insurance as a part time RN, but as of December 31st they are resci...
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Hello,
Looking into purchasing a 5-10 unit property north of Boston. I was always taught that the value of a commercial property is
NOI/ cap rate= value of building
I have done my research and determine my cap ra...
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If the owner of record Quitclaims the deed to another party, does the note need to be modified as well to reflect the new deed holder? I would think the answer is yes. I'm looking at buying a note where this is the ...
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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...
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I am writing to seek some help with a recent property I just acquired (or so I thought). I have been attending trustee sales for a few months now, and finally pulled the trigger on a property this morning. However, a...
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Hi Everyone,I would like to get your thoughts on cash flowing areas right now, outside of the big markets. It's almost impossible to cash flow anything in the Portland metro area right now, and that includes the outsk...
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We got a tenant application for a 2006 single family house with monthly rent $1425. The applicant has a nice credit score of 702 and monthly income of $5000. Based on tenantsearch check, he has no criminal history a...
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Requesting feedback or constructive criticism on my first RE investment. I bought two properties in OKC last year. I have a property manager that charges 8%.
The first was $110,000 3/2/2. Rents for $995 with $787 ...