Chris G.
Does This Deal Make Sense
Have property that's split up into 4 units, 3 units have been rented out for awhile now bringing in close to $3k per month combined ($850+$850+1250) two are small one bedroom apartment and other is larger apartment. T...
Joseph Fenner
How much should I spend on renovations on average?
Title says it all. Since I am starting out, I am just curious about how much you guys spend on renovations or if there is a rule of thumb? I want to calculate it as a percentage of the purchase price that I can apply ...
Josh Mitchell
More Cash Flow on properties!
This may have been in another post, but thought I should bring it back to light.I think that not enough of us know, or take advantage of what most banks call a "re-cast" or "re-amortization" on a loan!! Typically, wit...
Dustin Beam
Sometimes I feel very dumb (CAP Rate edition)
Hello beautiful people of BP, Today is one of those days that made me feel dumb. But the good news, I finally "get" something instead of just knowing about it. For a long while, I felt that way about Return On Equity ...
Matt Galbraith
Renting out old personal res - can I deduct repairs on taxes?
Hey Bigger Pockets, new landlord-to-be here.We close on a new personal residence in March and will be keeping our current home as a rental. We will be doing some rehab work to our current home such as replacing some o...
Account Closed
generating valid comps
Hey guys so i have a question about generating valid comps for a deal i plan to wholesale.however i cannot find properties that sold in the last 6 months withing 0.5 mile radius that have similar bed and baths. Althou...
Mike Kruser
When do you really update?
The house I'm looking at has outdated floors,kitchen,siding,etc. But I want to rent it out for a couple years and sell it somewhere down the line. So the question is, would it make sense to update the house and then r...
Richard Warren
Fed sharply lowers forecasts, hints of rate cut
The Fed may cut again, but it has certainly lost the impact that is needed. Maybe if they paid people to take the money.
Check it out:
http://finance.yahoo.com/news/Fed-sharply-lowers-forecasts-apf-13621937.html
:...
Matthew Wright
Updating multifamily buildings
I understand that value is driven by income when dealing with multifamily (5 units plus), but at what point do upgrades/renovations increase value? For instance if I have an 8unit that has old painted cedar shakes and...
Robert Burns
Supplement Retirment Income
I'm quitting my real job after 40 years of the rat race and want to supplement my retirement income with real estate investments. I'm considering buying a mobile home park. Any ideas on that? Also I would appreciat...