I'm looking to up my monthly income but am in need of advice. I realize I can't get accurate answers if I don't share some realistic numbers. How and where do I draw the line (on BP) when it comes to dollar amounts?
Hi, I just joined BP and am analyzing my first deal in Wisconsin. At first glance this property I found on Craigslist seemed like a good deal, until I ran the numbers. It is a 6 unit fully rented (5 one bedroom, 1 two...
The property manager I've used is shutting down. They reviewed their records for final accounting and **surprise** they forgot to bill the tenants for a major repairs a couple years ago. I'm the owner and, while I kne...
For a typical NNN lease, how is the contract structured regarding vacancies of other tenants? For a simplified example, say we have a 10 tenant building and each tenant is renting the exact same square footage. Each...
Hi Everyone,
I have one rental property and a primary residence. I have bought 4 total homes in Texas but I don't know much about REI so please be nice to me or else.... bwahahahahah
Objective:
1. take out a HEL...
This will be my first multifamily and looking for some advice/guidance. Would you purchase a 14 unit consisting of 7 duplex's in rural Georgia?
The numbers look great so far. Asking price is $320k and units are rent...
Hello BP,I will be purchasing my friends SFH for 170k. It is appraised and the current market value is $210k. May I draft up a purchase agreement for 210k and have him cut me 40k at closing?I would use the funds for d...
We have a rental property in southern Westchester. We are using a real estate agent to find new tenants for our house and paying them 1 months commission to represent us. They are recommending tenants who are us cit...
Hi all, I'm doing real estate investing as my primary/only source of income these days. I am a stay at home mom, so it's clearly not my only job, but the only one that pays me. :) I have the ihour app that has been ve...
I am looking to buy an apartment complex in the greater New Orleans area. I am from the Midwest where cap rates are high and you can have positive cash flow with 10-15 year loans. In New Orleans area, cap rates can be...