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Im excited to be closing on my first multifamily deal coming up Sept 12. Its a 10 unit value add deal. Our plan is to get in, rehab the property, increase rents, decrease expenses and of course increase the NOI of the...
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My question is, should I refinance and get as much money out as I can, or not?Specifics:Duplex, bought/rehabbed for $210K ($60K of our own money) We owe roughly $150K.ARV: $265KInterest rate on current loan: 4.875%Cu...
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Hi all,My realtor has this property for sale and I was thinking about purchasing but as it sits has no COC return. They wanted 500k and have come down to 475 and I was looking to offer the 425K and at thi...
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I'm really trying to figure out which is the best strategy. I can cash-out refi on some properties and get similar interest rate to what i currently have or even slightly lower interest but I would be starting the 30 ...
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Looking for advice: I am a newbie to the REI world. I have been working towards paying off debt for the past 9 months. I have $73k down and another $75 to go (Mostly school loans). I have a $1128 in debt payments + an...
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I am considering purchasing a 11 unit. The building seems solid with a great rental history and solid tenants. My only concern is the person is asking for a little more than the assessed value of the property, wh...
Hi All,
I currently live in NYC and have been interested in real estate investing for a few years now. I have spent these years learning some of the basics via books/biggerpockets and saving money for a future real e...
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So I'm getting laid off from my day job starting Sept. 1. The office I work in is closing so 62 of us are getting terminated.
My wife and will be able to survive on the decreased income that I will be receiving from...
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Anyone have issues with 3rd-party channel management or smart pricing software not syncing properly to booking sites? I've been using Beyond Pricing, where on numerous occasions, changes I've made to rules on Beyond P...
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Hi All,
I purchased a condo as a primary residence in 2005, but it became a rental after I had to relocate. Since then, rents in the area have decreased resulting in a negative cash flow on the property. Property val...