I read an article in Forbes about paying down student loan debt (https://www.forbes.com/sites/zackfriedman/2017/11/15/student-loans-repayment/), and it brought up a question I've had for a while: pay down debt first o...
I'm originally from Mississippi. I'm an active duty reserve Soldier. I own a few SFRs and have been buy and hold so far. I've lived in Oakdale, Pennsylvania; Columbia, South Carolina; Belle Chasse, Louisiana; and no...
Hello BP!This platform has been a source of invaluable information thanks to all the posts from newbies and experienced persons alike so it only makes sense to start here. I am looking into transitioning into REI with...
Do you pay for upside potential when purchasing multifamily? Or should you only be paying for the NOI * Cap Rate?
My wife and I bought our first duplex with tenants in place. 2nd floor tenant is on a year lease, but the first floor tenant is month to month and has been renting for the last 16 years. She is older and is on a fixed...
I was running my delivery route in the country(Texas), and I came across a commercial retail shopping center. It had a sign, for sale or lease owner financing. It’s under leased but I think the right facade and tenant...
I'm curious how banks looks at DSCR for properties that are value-add. Specifically, a property where there is not any significant cap-ex, simply gross mismanagement.
ie. The market is NOT over-saturated, but rents a...
Good morning, first time poster, please forgive if I bypassed any steps before posting. I currently own a condo in La Mesa area of San Diego, CA. First time home owner. I purchased the condo in 2020 for $310,000 at 4%...
I have the opportunity to buy from a motivated seller. 1 acre with four lots consisting of 3x POHs and 1x TOHs, plus a single detached garage that can be rented out as a mechanic shop. The situation is this-Lot rent x...
What is it called when you rent rooms but don't live in the house?