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Like the title says, I have recently discovered Bigger Pockets and am so excited to have found a community/forum of likeminded investors!I have been “flirting” with the idea of Multifamily RE investing for 6 months no...
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Hello BP,My Question: Which cities are prime for cash flowing 1-4 unit properties and what metrics specifically do you use and from what site? Census Bureau? REIT reports? etc. Anyways, I'm working on selecting 2 cit...
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Hi,
This is a bit of a follow up from my previous post. I'm very interested in a REO property that's about to come on the market soon. I tried to buy it as a SS but it ended up at foreclosure. The bank had accepted my...
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I'm sure there are a few posts for this floating around, but I wanted to bring it up again and open up some ideas.
How do YOU get the banks to accept your offer, either short sale or REO?
My first (and only, to da...
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Hi All,
I've been lurking here for a while. Finally a post: My company has been bought out and I am facing a lay-off from a narrow field with no competitor to move to in my area. I'd like to stick it out in West Mich...
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I live in Southern California, and will be for the foreseeable future. From listening to a few podcasts and reading posts here, it seems like California is not the best place to start for newbies with not a lot of cap...
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How to make $6250 rent a month on a condo? Here's how I did it. BANK CALLED ME and I agreed to buy a condo they were about to take back in Athens Georgia near UGA. 3 story, 5 bed, 4 bath with nearly 3000 square feet. ...
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Tenant wont pay rent,always a different excuse.Now she moved a dog in against the no pets agreement.I cant afford to go to court to evict her.Is it illegal to move in with her?
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Where does cash flow come from?I find that most people have never considered this question. When I ask, “How much money do you need to produce, in passive income a month, to be comfortable?” the average answer is $10,...
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Hi BP Community,I have 2, 4 units total Duplexes that I purchased in the last 2 years that were money makers last year. Everything was going well before 2022 hit and tenant turnover happened. Unit 1 turn: renter went ...