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So I Just listed to Postcast #272 and I learned the 1% Rule of thumb "If a property rents for 1% or close to what you pay for it more than likely has positive cash flow" Your thoughts ?
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For those landlords in CA, Governor Nuisance recently signed into law a bill limiting security deposits to a maximum of one month rent. It used to be a max of two months rent with a three month exception for furnished...
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Don't know if I'm breaking the rules by posting this, but how do I find syndications to invest in? My wife and I are looking for passive ways to invest to diversify our real estate holdings. I've tried your basic go...
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Good afternoon BP Community. I am looking to buy my first property. I was presented a deal that I would like to purchase (Section 8 SFH), but I wanted to make sure it was a good deal before I pulled the trigger. What ...
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Hello,
These are made up figures. I just want to see if I am calculating this correctly. Any advice/opinions are welcome.
Thank you.
Bought for 280,000
20% down payment = $56,000 ( $280,000 x 20% = $56,000 )
lo...
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First time poster and new to the world of REI! We are looking at purchasing our first investment property in our favorite vacation spot. 4/3 1500 Sq foot beach house for $675k. This is somewhat competitive in this...
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Hi BP,
Can you BRRRR a turnkey property? At least pull out a majority of your investment? Obviously depends on scenario etc but generally speaking. I know it depends on goals and the goals is keep as much of my cap...
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Good evening BP!Came across an 8 unit property and I'm really close to pulling the trigger on my first multifamily deal, but before I do...thought it would be best to check in with my favorite online community. Any su...
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Hey BP -I'm in contract to purchase a mixed use property in Northern New Jersey and I have a question for all of you lending guru's out there. As is, I'm purchasing the property at a 6.5% cap, but upon lease up of the...
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I plan to purchase an assisted living facility (CBRF) in the state of Wisconsin. I'm overwhelmed with the process - just the license application is a monster. Any help/ advice would be appreciated! I am really looking...