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Hello all, I am in the middle of my first 1031 exchange. My investor and I owned the sold property 50/50 and now I am buying the next property on my own. The property I like is a $1.1MM duplex with under market rents ...
Hi everyone from BP,Here is the description of the house:Bungalow235k, I will need to assume his mortgage (219k)13 rooms (I can add maybe 2-4 rooms)42k revenue (I can boost it to 46-50k)This house has all the permit a...
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Hello BP community!I have read many articles and have even noticed as an agent the slowdown in rentals these past few months. I have very solid tenants and I always increase rents in my properties. Granted, I am very ...
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So I have been reading up on this whole BRRR method of investing, and hearing Brandon talk about it on podcasts. Say you do everything correctly and approach a refi. Do you at that point need to have a down payment to...
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I have many questions about this topic. If you can answer any of them that would be great! (I'm looking into following the million in net worth plan from the book)
When buying a property for a low value ex: a duplex ...
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Ok so we are looking at a property where the current rent being charged is $325 per month. The going average for the area is $500-$550. Without using a property manager, purchase the property we would want to raise ...
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Hi, everyone. I got a mailer recently from a company (that I don't want to be accused of promoting) which offers to give you an equity loan with zero percent interest and no monthly payments. I was dubious to say the ...
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Hi,
I am planning to buy a SFH in the South Bay. Should I wait for prices to settle down(if they will)?
Should I not wait and start actively looking? The inventory for SFH is also not much right now. Is there any pr...
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Hey Bigger Pockets!Looking to get some advice on an 8 unit apartment building that I'm looking at purchasing. Here are the numbers:Current asking price: 680,000Rent: Monthly Rent: $5,585. AVG MO Rent/unit: 700. Annu...
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Hi everyone, This is officially my first post on Bigger Pockets though I have been following all the site quietly for a few weeks.I own a SFH which has had the same tenant since May 2011. When he moved in, the rent w...