Gary Baker
1% rule
rules rules rules.The good old "rent should be a minimum of 1% of the property value to make ends meet" is failing currently. With housing prices in the DFW area rising rapidly there is no way the existing market cou...
John Gambone
Hello From Greenville, SC!
Hi Everyone!My Name is John and I live in Greenville, South Carolina. I am brand new to REI with an open sponge like mind and an endless amount to learn. I am looking to start purchasing properties in the Upstate area...
Sant S.
First Multi-Family Property Acquired
Hello all,
Just over one month ago I finally closed on my first multi-family property. It is a 6 unit property in Jersey City. Below are the income / expense numbers & acquisition costs...
David Robertson
Lot of stiff competition out there
I'm looking for my next deal and the MLS is very competitive in my area. I just got beat out on a disaster house that was listed for $25,000 ($100k ARV) and I offered $33,000 and still didn't get it...
Another house...
Warren Bright
My first investment property (A diary - IN PROGRESS)
Hi everyone!After years of saving and the last few months of looking at different properties to purchase, I have amazingly had my first offer accepted on a deceased, 1 bedroom apartment estate. This is my first step i...
Cory Melious
Seeking advice on first BRRRR purchase
Hey y'all;I'm looking for some advice on my first rental property purchase. The plan is to purchase this place for about 25k under value. It needs about 5k worth of repairs and a tenant in one of the 3 vacant units. A...
Amanda Sokol
First Multi Family Purchase and struggling
I am hoping someone can offer me some guidance. Any advise is greatly appreciated! I purchased a quadplex at sheriff sale for $51,000. It is in rough shape-tree growing through the middle, needs new roof, termite dama...
Ryan Allison
Financing a BRRR deal
Looking for some insight from BRRRR investors... who have you been using for the initial loan (the initial purchase & rehab portion of the project) prior to refinancing? Unfortunately I can not do a 203K, it has ...
Jeff Kennedy
Best loan for a $1 million multifamily property
I currently own several SFRs and small multi-family properties (duplexes, etc.). I'm looking at buying my first apartment building (small 10 to 20 units) for about a million dollars. This will be a long term buy and h...
Carl Fordyce
Units or properties
what do you guys think is the best way to determine how many properties do you need to reach your income goal. in other words should I base it on the number of units I need to get to my monthly income goal or the...