Hi all - found an off-market deal and wanted your help in determining an appropriate offer. The property is a 4plex and comps are hard to come by in this area, so would like to understand the typical Cap Rate in the ...
I am new landlord and just bought my very first investment property and feel so excited to put the house on Zillow to rent asap. My local market for a similar house goes from $1700-1850, so I set mine at $1700 hoping...
I’m 28 and have $100k in student debt. I’m passionate about real estate and think it could be a great way to pay off my debt fast before the interest eats me alive. Question:1) Should I be taking the risk and using ha...
I love the forums and the podcasts, but one constant I see is that people are looking to add more properties or refinance properties for cash to buy more properties etc.Why don't more people start snowballing down the...
The context being today's market.Assumption: the new asset would be in addition to your existing positive cash flowing portfolio.Requirement: the new asset’s cashflow cannot be negative. It must at least break even a...
Hello BP Users,I purchased a property in 2020 and inherited a tenant paying below market rent. The situation with the tenant is a bit unconventional. The tenant pays an amount (not sure what this amount is) to a loc...
Hi BP members!Newbie here that is excited to be part of the community and submitting my first post. Have been looking for potential deals in my area and found one that is not in the best area of town (or best looking...
If I owe 137k on my mortgage and I have 100k cash to put towards it, can the remaining balance be negotiated? Want to sell to family member for 100k cash and then move. My sister got into a car accident unfortunately ...
Curious what the rule of thumb is on screening existing tenants. I currently have no background, credit checks or employment verification for 4 different inherited tenants. We're slowly repositioning the property from...
This is an interesting article about a guy that buys rundown properties in Dayton, Ohio and pays no taxes on them. Eventually he hopes that the banks will just give him the properties instead of dealing with all the ...