I asked advice from an acquaintance that has around 20 rental properties. His advice was simply "Don't do it"! His reasoning was as follows:1. Unless you are a handyman, and can fix things yourself, you will never...
Hey all,
My name is Sean. I've been listening to the bigger pockets podcast for approx 3 years now, and was finally able to pull the trigger and finance my first multifamily property. The reason I am posting is beca...
To start, I'm assuming a 4plex purchase price of $250,000, cash flow of $1k/month, an additional $1k/mo from personal income, and ~$14k starting funds. This would be the first purchase and bought using a VA loan @ 3.7...
Hey BP,I have been researching Lease Options and have been getting mixed reviews on who is responsible for maintenance on the property. Prior to doing research on lease options, I would have said that the Owner/Seller...
Hi everyone, I’m looking to buy my first house hack in the Denver area. I’m hoping to buy a home around 500K with 5 bedrooms and renting every room while sleeping in a trailer. Currently a mortgage would be around 350...
I am interested in purchasing an investment property in the Denver area. The problem is that properties there are so expensive especially for a duplex or multi family residence. Will I even be able to make money in th...
I'm not sure which forum this should go into so I just picked the lending and mortgage advice forum. Hopefully it will be the right one.I need some ideas. I'm running out of ideas, cash and time. I'm not sure where el...
I know LA is an appreciation market, but running through any deals’ numbers, whether single family, or multifamily, I can’t see how anyone’s not losing money unless they buy a property in cash.In LA, the housing costs...
Hi guys,Looking to setup one of my an STR and was only planning to set up a TV in the living room and master room. Its a 5 bedroom home, was curious to see if NOT having TV's in every room is a deal breaker? The tv's ...