Hi BP, I am new to REI and I am building knowledge on all strategies (pros and cons) to determine which one is best for my current situation. This is specific to the BRRR strategy. Say I find a multi family property t...
I'm interested in 2 Four-Plexes but after running all the numbers for rental income (all units are at fair market value) and deducting all expenses (incl. Utilities, maint., cap repl., ins., vacancy, etc) due to my me...
So my tenant skipped paying their last month of rent and also left the property in very poor condition. They also stopped returning calls and texts.My question is, what should I do?I do not have a forwarding address f...
Hi, to provide the context, we entered into an agreement with a property management where property management company can lease our rental. The property management company signed 12 month lease with tenant where our n...
Good evening everyone,I just had a quick question. I'm wondering how people usually tell if properties are appreciating in certain neighborhoods? There's probably an easy way so excuse me if this is such an easy ques...
Many times on BP I've read "buy a cash flowing positive property". What about a negative cash flowing property? I've read that you make your money when you buy, does this apply to a negative cash flow property? I'm su...
Hey guys, I'm buying a house with a hard money loan on a 8-month term. There's a tenant in the property with about 9-10 months left on their lease, so I'm a little worried that (if I can't get them to agree to leave u...
First of all, sorry if I step on anyone's toes. I can be dense about that.From our research before we started, 14% net ROI is suppose to be really really good. Also the 1% rule.The thing is when we first started div...
Hello BiggerPockets family,My wife and I own a multifamily apartment building, and we had a terrible tragedy a couple of days ago.We await the final police report, but there was an apparent murder/attempted suicide in...
Hi All. Long story short. I decided at the beginning of March to list my tenant occupied rental property for sale (great timing huh). My tenants at the time were very understanding and were willing to accommodate show...