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Hi All!My husband and I just purchased our first out of state rental property from a turnkey co in Indianapolis. The management co they use is Oceanpoint Investments LLC. Has anyone had any experience working with thi...
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Hi-My wife and I are looking to buy our first property. I’m personally leaning towards a multi family home because I think it’s a great way to get started in real-estate while also having tenants pay for our mortgage....
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Hey guys,
I am looking at buying my first investment property. Here are the numbers:
Asking 160k, but I plan to offer much less
Units are 2/1’s, rent for $595 each
Built 1984
Tenants pay utilities
Income: $595 x 4...
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My question is about the 20% down for obtaining my second investment property. I have the cash, but I don't believe it to be wise to put down 20% if I am purchasing a property that already has 20% equity.
My current...
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I am new to real estate and rentals. I bought a duplex last year in July and it's rented out now. I am wanting to know about LLC and trusts. I was wanting to make an LLC, but someone who is a landlord here said to jus...
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There's been a lot of discussion on the forums as it relates to differentiating bad debt from good. The most common view on BP is that any debt which does not produce investment returns is bad debt.I, for the most pa...
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We are newbies. Like typical newbies, we're stupid. We're about 3 months and 1.5 properties into this biz, and realizing just how inexperienced we are. I just stumbled across biggerpockets (which is amazing!!!), an...
I always see people looking for a specific number for their cash on cash return. For example, Brandon likes 12% or higher, and he calculates this by taking the annual cashflow divided by the cash that is invested.My q...
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Hello All, The commercial RE forum seemed like the best place to post this.I just wanted to share before and after pics of our first bar/restaurant build out! This is our first project and we have certainly learned a...
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Actually, I inherited THREE terrible tenants. But one is causing me more of a pain than the other two put together. Here's the summary of my three tenants:1. The continually late nice guy - artist. living paycheck to ...