While listening to Barbara Corcoran she emphasized the need to have other income while building your real estate holdings. I wonder how many actually live off rental income alone without having put in years of buildin...
Hey all, I am relatively new to the group. I am very impressed with the experienced professionals here and am glad that I stumbled upon this site. I am a seasoned real estate attorney and enjoy not only practicing la...
Hello BP Members! I write a regular column for BiggerPockets Wealth Magazine on people's "Biggest Mistakes" in real estate. Do you have a "mistake" story and lessons you learned from it? I'd love to hear it! (Thanks t...
What’s everyone take on the BRRRRR method? I think it’s a fantastic idea but I’m beginning to hear more and more investors against it. Shouldn’t be leaving money in your property. 75% LTV or even 80% isn’t enough. Los...
Trying to figure out the best way to close this deal. It's a package of smaller mixed use properties in Newburgh NY. 8 buildings mostly brick 36 units. The gross income is close to 300k expenses 100k. Purchase pric...
I want to know what your barriers are. What's stopping you from buying an investment property? -Time-Money-Knowledge-Coach/Mentor-Fear
In 2023, I invested in some Norada Capital Management 7 year Promissory Notes and last week less than one year after signing the last note, I receive a "form" email addressed to "Valued Investor", dated June 20th, 202...
I've been researching for awhile now, but I'm still lost on exactly how to find properties that will yield a good return for buy&hold/rental situations
Feedback appreciated!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $450,000
Cash invested: $30,000
a noncontiguous 4 unit comprised of a single family house, s duplex, and a s...
So I bought a house in Michigan to flip and the front porch was broken and up on cinderblocks, the whole thing needed to come down and be rebuilt. I thought no big deal, factored in about $1000 in labor and materials....