I'm in the process of purchasing a 20 unit complex. The bank has given me 2 choices. Option 1 is a 20 year amortization 4.8% vs a 25 year amort @ 4.99% (both with a term of 7 years). The payment would be $7,624.87/mon...

Side by Side Duplex Purchase Price $365K
B+ area
Negotiated roof to be replaced and property needs about $10k in cosmetic work.
Income potential $3.6 - 3.7k
PITI - $2.6K
Rent Vacancies - $185 (5%)
Repair & C...

I'm asking because I notice property prices are pretty affordable. but the property taxes can be attrocous in some areas of Milwaukee and it's suburbs. so I was wondering if that changes this rule of thumb for evaluat...

Hi BiggerPockets!I've always loved reading success stories in business and especially real estate. I'm happy to have my own success story to share finally! I got interested in REI after reading Rich Dad, Poor Dad (jus...

Hi everyone!
My fiance and I own a property in south Everett WA. We purchased it in November 2020 right before the pandemic at a purchase price of $330,000, a 3 bed 2 bath with a detached garage that was converted in...

I have talked about markets correcting for quite some time (actually began posting more in anticipation of a my fears of us spiraling into a depression like crisis). Here and here are two of the previous forum posts w...

Hello,       I'm looking to buy a condominium in the Springfield Section of Newark New Jersey. I saw two, one is priced kinda high (I've looked at comps and have not been able to find any condos that have gone for tha...

I am under contract for a 12 family that has older plumbing stacks.  We did our inspections yesterday and all the stacks are bad (cracked to various degrees).  This owner is not willing to lower the price so I will be...

So, my partner and I bought an abandoned, undervalued, underestimated property in Marfa TX and with no experience, contractor or designer, created a successful boutique hotel, applying an entirely new Airbnb only mode...

" After Repair Vale " ARV ? I'm pretty sure it's not, but Market Value still confuses me to a degree. I know that ARV is what the house will ( should ) appraise for after it's fixed up / renovated, and the ARV is ba...