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Hello everyone,
I just visited the Montgomery area and am interested in buying distressed properties, fixing them up, and renting them out. The properties I was looking at are in the 25-30K range, rehab cost would c...
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I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.
The loan package consists of a 6 month IO const...
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Hey everyone, I am a new investor finishing up my first rental property Purchase and rehab aiming to rent by December. Currently on episode 130 of the bigger pockets podcast and boy do I wish I listened to those befor...
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We are working on finalizing our first flip in New Jersey and were approached by a prospective buyer who happens to be renting from us currently at a separate address. He is interested in a lease to purchase agreemen...
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Has anyone heard of this rule of thumb formula when purchasing 5+ unit multifamily buildings? Investor I recently spoke to uses this formula to filter properties. What do you guys think.Noi*10= Purchase price?So if my...
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On average, how long does it normally take to have a tenant occupy your property after you’ve purchased it? I’m an agent, and thinking of possibly buying my own townhouse listing.
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On a small multiunit, (residential) of 2 or 3 units, how much return would you expect on each unit? I am trying to sell my 2 unit and garage and a few people are coming back saying the cap rate doesn't match and the n...
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So I’m trying to wholesale my first deal. How does everyone go about showing the property to potential investors (buyers) that you’re trying to assign a contract to? Advice for vacant and non vacant house would be gre...
Good morning guys. I’m starting prospecting today and will be handing over deals to investors for a finders fee, I’m a licensed agent by the way. However I have had people rip me off in the past and all my hard work g...
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Hello all,
My partner and I currently have one rental property In our portfolIo. We bought it for 25k with 20% down in mid September, Fixed it up for 1k and rented it out by mid October. (the seller paid for several...