Hi BP community-I have a chance to get a 4 unit property. It’s currently rented at $800 per unit, month to month leases. Asking is $350k, there are some repairs needed. I can get a commercial loan based on the cash ...
Hey this may be a stupid question but do we make an offer before or after calculating the numbers or do we examine the property first then we make an offer. And how will we determine the cost for rehab if we've never ...
There is a property that I'm looking at in GA. It's 6 units. rents are between $650-700. They stated the cap rate is about 7% but I calculated 3%. NOI is about 25% of current monthly revenue. It's also recently b...
Hello!
Reposting this because I just realized there is a section committed SPECIFICALLY to Tax Questions.
I currently have a 2BR/2BA Condo that I am house hacking, renting out the secondary bedroom and using that in...
Hi All-
Rookie investor from PA here. I am working on building my deal funnel and evaluating potential options (Sourcelist and direct mail, wholesalers, local REI groups, Facebook Groups, etc.). Since, pre-foreclos...
There is a HUD home listed in my area that I would love to rehab. The house is actually in good shape, it is just outdated. It is listed at 65% of lowest ARV. I know there will be multiple offers so I am thinkin...
I'm getting in to investing here in central Ohio. I'm still learning a lot haven't done a deal yet myself. But i think i have a few good ideas that i learned from my dad when he was still alive.
hello I have been looking for awhile now and seem to be able to find properties that are only a 6-8% cap rate. I am wondering if I am being to picky or if I just am not finding good enough deals. Most of these propert...
Do you look for three times their net or gross income? I have someone I really like that is close but his child-support pushes him under the 3x rule.
I have a question. I have the opportunity to build a brand new duplex at a good price ($300,000 would like appraise for over $400,000, and would bring in around $1,000 per door), but my cash flow on the property would...