With home prices still very high and interest rates now high too, is anyone actually cashflowing on newly acquired property? Even the 1% rule doesn’t seem to work anymore Example: assuming 20% downPurchase price: 250k...
Was anyone flipping houses back in 2008? I got caught mid-flip and my projected returns were cut in half when I finally sold.Fast forward to today, and flips made up more than 6% of home sales last year, according to...
First:I was a student of Brians for about 30 days before quitting the program.There were a few reasons I quit but one of the main reasons was I no longer had any trust in Brian Gibbons and the things he said he was...
I just heard on the news that real estate prices are dropping like crazy in Puerto Rico due to the state of the local economy. Wondering if that's a good opportunity to start investing there. Anyone on BP currently in...
Hello, this post is an update to my previous post : To summarize that post: buying a house for ~$250k w/ a 30-yr fixed rate loan, will try to lease it out for ~$2k a month, monthly expenses are ~2.2k a month.The fixed...
I read Aftershock, the latest edition, by the brothers Wiedemer. It was fairly dark, much about our economy being a multi-bubble economy, the weakness in housing for various reasons (including the 50% or so cash tr...
So I have found a property, in a decent middle class neighborhood, the details are as follows:
[list]Property Price: $140,000 (asking price, can negotiate down but for analysis purposes keeping it here)
# of Units: ...
We have a home that has been on the market for over a year now, and we've yet to get an offer, even after multiple marketing strategies have been tried.Home info:- High-end neighborhood- 4,046 sq. ft. 5+ bed, 4 bath, ...
Hey guys, absolutely love this site and everyone on it. I'm just about to jump into the Buy & Hold side of REI and just wondering if anyone has any classic mistakes that they would see a first timer like me make c...
Hello BP family,
Virgin multifam buy-and-hold investor here.
I’m trying to buy a 2-4 -unit with conventional financing (already pre qualified) in Allentown, PA. My offers are based on healthy cash flow; min. $150/do...