10 unit building in a decent part of town. Gross annual rents are $52,000 (tenants pay utilities). Asking price is $170,000. No, that isn't a typo. Cap rate is 31%.
I doubt this one will last long on the market. I do...
Good day, I’m curious on your thoughts and if anyone has done or is currently doing this successfully? I think it’s an interesting strategy, I’ve researched a bit. Figured I’d bring it up for discussion.
I confess, the subject header was just a sensationalist marketing ploy to get people to actually look at this post (few enter the "dreaded" renters forum). :-)
In actuality, my problem is somewhat unrelated (though t...
Short-term rentals can be a great investment, but only if you invest in markets with high restrictions. Choosing markets that have tight regulations on short-term rentals would mean that there is a higher demand for t...
Hi All,Finally ready to take action! A bit about me:-Moved to NC and bought a primary residence in January. (Wife and kids, no house hacking for me!)-I've been wanting to get started for years since taking an RE clas...
I’ve put together a 5-step process that I use to raise capital in a volatile market. I’m sharing it with you in the hope that it will help you raise the capital you need for your next deal. Feel free to share your bes...
It is all about scheduling and handling your manpower.
In 2008 Lennar Homes was building a tract in Lytle Creek in Southern California. Tract builders always complete model homes first so they can start selling them....
Hi all,
I'm a new real estate investor, and I'm looking to get started on my first house hack! Two major problems though:
1. I'm in a very high-cost area (NYC)
2. I have no cash
Through the power of Bigger Pockets...
I'm curious if BRRRR ("fix & rent") works in the Jax metro area. Essentially, the ability to have your purchase price + rehab costs less than 70% of the ARV, so after you rehab you can find tenants & then refi...
So I joined this sight earlier this week and I have found a lot of good information, and have decided I was going to start with wholesaling, and eventually transitioning into other avenues of income. I was going to wa...