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Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
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I am in the process of finding my first rental property to buy and hold while gaining a bit of extra cash flow.My question: Is it better to start out with TurnKey investment properties? I know it will typically involv...
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After hearing the Rock Thomas episode I looked into M1. The concept makes a lot of sense but paying $700 a month to network is quite the cost/commitment. Anyone on here taken the leap of Faith? I would love to hear fr...
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In your opinion, is 30% a reasonable fee to pay a property manager to do the following:
- Arrange for interior designer/furnishing property (actual expenses I have to pay)
- Promote/advertise rental and respond to a...
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Hello, Can you share what some of your strategies are to obtain multiple properties and continue to grow your business? I see people out there with several million dollar portfolios and I wonder how they obtained this...
Investment Info:
Condo other investment.
Purchase price: $490,000
Cash invested: $6,400
A 3 Bed, 2.5 Bath 1400+ Sq.Ft. Condo located 3 minutes away from SDSU. This property was purchased using 0% dow...
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Tennant of 2 years did final walk-through with landlord in person, noted various issues like fridge/oven/microwave cleaning & one missing garage key. Some burnt out light bulbs, dirty unchanged air filter, dust/ha...
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Just under a month ago, I closed on a 4plex in (East) Oakland, CA in the San Francisco Bay Area. It was a HomePath property that had been on the market for just over 6 months, and was able to squeeze in with a convent...
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Hi BP, I'm being offered this note secured by a deed of trust for the following:Duplex:Side 1: 4x2Side 2: 2x1Sqft: 1,578Total beds 6, total baths 3Total Monthly rental income: $2,100Deal Details $290,000 Fair Market V...
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Hello Wonderful Bigger Pockets Community!
I have been lurking around BiggerPockets for a decent amount of time now. I was fortunate it enough to sell a successful business late last year and after discovering...