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What to do with Operating Expense Reserves
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...
Leonard Rybak
Finding your long-distance market!?
Hi Everyone, my name is Leo, I have been a member of BP for over 7 years and now I want to pull the trigger. I am looking to BRRRR long-distance because my NYC market is too expensive for me. Do you guys have any sugg...
Asif Mohammad
Managing STR from long distance
Hello All - I just wanted to ask how many of you guys are actively maintaining their Short Term Rental investments far away from your primary residence. We're considering to buy a Cabin in Broken Bow, OK about 3hrs f...
Tim Dailey
Hudson Valley / Connecticut areas to invest
Hi All,I have been researching and analyzing the different areas within 1 hr of me to begin investing and was wondering if anyone had any thoughts about the Hudson Valley and Connecticut Border?Our plan is to buy and ...
Andrew Palmer
Do I have a lemon or am I building a strong future?
In 2020 I purchased an 8 unit apartment building in the south shore of Chicago. It is about a mile south of where they are building the new Obama presidential library. The whole area is getting gentrified with rent ...
Michael Williamson
Would you do this deal?
Let me start by saying this will be my first purchase as an investor and it will be buy-and-hold. If there are details that I have left out, just ask and I will answer what I know.Purchase price: 89,500Down payment: 2...
Hochi Yang
New to real estate investing. Out of Oshkosh WI
Hi everyone. This is Hochi Yang. I am starting my real estate investing journey as I want to become financially free and get rid of my JOB. I just finished reading Rich Dad Poor Dad for the second time. The first time...
Jack Perfett
Do These Closing Costs Look Correct?
Hello!
I am currently in the process of purchasing my first multiunit house hack in the Philadelphia area. I am using a 3.5% down FHA loan and have received a loan estimate on a property. The property is $425,000 and...
Account Closed
Newbie analyzing a deal
Hi Everyone,I am a newbie and I'm looking to get into my first deal. I currently live in Irvine, CA paying $1,630 a month plus utilities (about $100) for a 1 bed, 1 bath apartment, which is pretty cheap in this area. ...
John Beck
New Member from Boston, MA - MetroWest
Greetings,
My name is John, and currently reside in Hudson, MA. I'm originally from Maine but after eight years in the military and a handful of DOD contracting gigs, I somehow call Hudson home.
I join...