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looking to flip a property in SW FL.
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So this would be my first deal and I would like some honest feedback. I need to know if I'm biting off more than I should chew.
Triplex asking $220K
2B/2Ba each unit
Good neighborhood and schools
Rents 1x$600 2x$650 ...
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We are looking at a small multi in Austin, TX (centrally located), and the cap rate based on the asking price seems ridiculous (basically, the place seems overpriced by a factor of 2 based on what I think a reasonable...
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Hello all,
I'm in a relatively new REI with a goal to buy distressed properties and holding them to serve as rentals. I recently closed a deal and the property requires a fix-up (kitchen, flooring, ...)
My question i...
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I'm working on my LOI, for a Mobile Home Park. I've run some numbers and looks like their is a tremendous upside. I own a mobile home that I am currently owner financing in this park, and was approached by the owner s...
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Hey everyone, I'm Robert and I'm new here (and to real estate investing in general). I'm interested in real estate from the perspective of generating cash flow for my lifestyle. I live in Austin, TX and everything is ...
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I just started reading "Profit First" by Mike Michalowicz. It looks to be a simplified method of cash management. Does anyone here use this with their BRRRR deals? If so can you share your experience with it?It is eas...
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Hi All,I have a gas leak situation in my rental property and below is the message that I received from my PM. What are the options I have and any idea on rough cost estimates etc. This is a property in Arkansas.Here i...
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I just recently got a 3-unit building under contract that currently has no heating system in the home. I am trying to decide between rewiring the entire house and putting electric baseboard (this would also get rid of...
Hi Everyone,
I recently purchased the 4th unit in a 6plex and now I'm considering buying the remaining 2 units. So far, I paid below market rates because the building was severely under managed. Now, the other 2 owne...