New landlord here. I recently purchased a fourplex in Killeen, TX. Asking price was $350K, but after negotiation, it went down to $333K. Down payment $87K. Each 2/1 unit is close to 800 sq ft. The neighborhood has abo...
Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...
I have a basic question that came up when dealing with my realtor. Using the BiggerPockets rental calculator you get a Cash on Cash ROI. However, it uses the P&I in that calculation. Does that COC ROI represent wh...
Hey everyone, new guy here. Loving the forum and the info. I have a few questions in regards to the 50% Rule. I may be making a simple rule too complex, but curiosity is making me ask haha.
Example:
We identify a p...
I am new to Bigger Pockets and trying to figure out my entry point into real estate investing.One idea that is really appealing to me is: Buying land around North Conway, NH / Fryeburg, ME ~65K + building a tiny-...
I currently own a property that I utilize for short-term rentals. My existing mortgage has an interest rate of 4.5%, and I owe $247,000 remaining on it. I have approximately $100,000 in equity built up. I'm considerin...
Hello everyone,
What are the mathmatical formulas (cap etc) & some key strategic factors when analyzing first time multi-family property?
thank you & happy holidays!
I have a scenario for a potential purchase. Basically the guy bought his house a longggg time ago for $20k and wants to sell, and we agree on a $450k sales price. Is there a way to pay him $270k "on paper" so he doesn...
Hello! I was wondering if there is a rule of thumb for a percentage of ARV that goes into fixed costs. Thanks
Hello Everyone,I'm 23 years old college graduate looking for a job with a goal to become an investor. Having no real money to really go out and do anything I find myself spending a lot of my time goal setting, learnin...