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Here's an actual BRRR (Buy-Renovate-Rent-Refinance) deal, with a $2.2M profit if we sell it or a $15,170/month cashflow if we keep it.
But before I share with you the details, a word of CAUTION to the newbie investor...
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10 months ago I was driving up and down every road in this new town of Iron Mountain MI trying to get a feel for the quality of the neighborhoods and characteristics of the market. I still had a few weeks of college l...
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I am a junior at the University of Tennessee studying engineering. I began listening to the BP podcast last summer and just finished reading "The Book on Rental Property Investing". Needless to say, I am extremely hyp...
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I've got a property that requires a pretty major rehab (asbestos siding, and needs new electrical, plumbing, HVAC, walls ....). I have a general contractor that I think will do a good job. I wanted to do the work as...
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After a chat with a friend of mine about how I am not satisfied with where my Real Estate knowledge currently is, I did some thinking and came up with a crazy (I feel) idea. I have nearly 40k in government student loa...
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Hey everyone,I know this question has been asked over the years but I wanted to get a fresh perspective. I have been researching as much as I can about getting my license in MA. I currently work a 8-4 job on the credi...
Hey Guys. Long time lurker, first time poster. This is defiantly going to vary from person to person, but when did you all feel it was the right time to pursue real estate investing full time, and leave your salaried ...
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My partner and I have been considering purchasing a duplex as an investment for our first home. We moved back to Minneapolis last year after living in Los Angeles for 2 years. We have been renting for the past year at...
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I read an article today that makes me more nervous about a recovery.Associated Press--
Inflation adjusted wages rose till about May 2008. It hit $18.53 or $8.65 in 1982 adjusted rate. Since then, the rate accordi...
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We've listed a property, and out of our first 3 inquiries, 2 are from people just moving to the area without a job when they get here. One pre-emptively offered 3 months' up-front rent in addition to security deposit,...