Hi BP,So here's my situation: I have a rental property that cash flows well and now has a nice chunk of equity (thanks to appreciation). I'd like to do the BRRR strategy and do a cash out refinance so I can use the mo...
HOUSE HACK: DEAL OR NO DEAL????Hey guys,I'm about to pull the trigger on my first property. The seller has counter offer so now it's up to me to accept it or not. The place is in livable condition and only needs cosme...
Hi!We have about 39,000 to put down on another rental. Should we use leverage and buy two homes at a lower price or 1 home at a higher price. After researching I believe we can bring in 200 a month above rent on each ...
Hi my name is Dominic and I am 21 years old and is very interested in Oakland Area Alameda county area to start my investment portfolio. I am interested in multifamily property and aiming towards cash flow and not sur...
Down Payment: $500k-1m (hoping to stretch this across the maximum # of properties as possible)Business Income: 300-400k net profit (Only 1 year of history so far)Personal Income: $5-10k a yearPersonal credit: credit s...
Hello,
Looking to get feedback on anything I missed with this hypothetical analysis using the 50% rule:
1. Purchase price = 100k
2. Downpayment = 20k
3. Closing Costs = 5k
4. Income (Rent) = 12k / year
5. Expens...
I'm in the process of identifying a few North Carolina commercial properties in the $700,000 - $1,200,000 price range. In general, what has been your experience in order to get the winning bid? 10% over list? 15% over...
Hello my name is Kaleb Im looking to grow my portfolio. Is now a good time to cash out refinance to purchase another property?
I'm going to look at a 7-unit apartment building next week. Its currently fully leased, and on paper (assuming 50% expenses) it cash flows very nicely. Any land mines I should be looking out for? If I pull the trig...
My number one short term goal is to quit my job. I hate waking up going into work everyday. Im a very hard worker and want to put my efforts towards my own business. I need to have at least $2200 monthly cash flow fro...