Account Closed
What percentage can I expect to put down?
I’m loooking at purchasing a small multi-family (3 unit) brownstone in Brooklyn for around 1.5 million. I plan on moving into it and renovating and renting the other units out. I am just starting discussions with mort...
Tim Moore
30K Back Taxes Nightmare
Hey BP! My wife and I have been scouring our little city for a house or duplex to buy. My dream is the duplex, she would prefer a house unless we can find a duplex in a nice location where she can relax.
The other d...
RICARDO RUIZ
50% EXPENSE RULE
Where does this rule come from ? Is there data supporting it ? I have couple friends with rental and they completely disagree with 50% expense rule..They believe its expenses are much less that 50% of one months rent....
Jorge Martinez
The Refi 1 year limitation of the BRRRR method
I have been listening to the various podcasts from the rookie to bigger pockets. I really like the concept of the BRRRR method. The other day I spoke to my finance guy and he told me that you have to wait 1 year bef...
Ryan Fitzhugh
Investment Property - Good or Bad Investment?
Hello everyone, I just want some feedback from some fellow investors in the Florida real estate market. I live in Saint Petersburg, FL, but I often do business in Tampa. Hillsborough and Pinellas county are my main fo...
David Rutledge
Market in Charlotte NC
Hi Everyone,I bought a 3 bedroom home in Charlotte NC in 2016 for 150KMy tenants' lease is up at the end of June and I am seriously considering putting the house on the market so I can free up some capital to invest e...
Lucas Bennett
First Late Rent at a Recently Purchased Property
Hello All,
My business partner and I recently Purchased a multi-family property in the Portland, OR area, inherited 7 tenants, and have just gone through our first round of rent payments...and you won't belie...
Charlie MacPherson
State of the Market - Suffolk County (Boston) MA
The Q4 2017 numbers are out and they confirm what a lot of us already knew. The Boston market is still a WILD seller's market and there is still a severe shortage of inventory.If you have a property that you're consi...
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What if it cash flows when purchased at FMV?
I have an opportunity to buy a 1472 sq. ft. 2 family at $99,900. Rent in the neighborhood is $700 per unit ($1400 per building). Comps have several absolutley identical properties on the same street each at $105,500. ...
Kyle Brown
Approach for next investment property!
I have successfully rented out my first duplex and I am seeing the results, which now makes me wonder what should my next investment property be (duplex, triplex, 10+ unit complex, etc)? I do want to take the fastrac...