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So if I have a 3 unit cash flowing $100 per door, I am making $3600 annually on that building. I would need 10 of these buildings (30) units to make $36,000.I assume there are various tax incentives and such that may ...
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I've done some searching and haven't found anything on the forums so I'd figured I'd throw this out there because its an issue I'm debating on with my list source criteria.My question isn't about what Current Home Val...
I have 3 situations that I am about to find myself in within the next year and would love your input on each. I feel as though we find ourselves in at least 1 of these throughout our rental careers but I can't find a ...
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I am curious what the impact could have of an over-appraisal on a 4-plex. Would Lenders see the 140k contract price and not require a down payment due to all the pre-established equity in the property at time of purch...
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Hello everyone, I am just starting out in the world of real estate investing and I wanted to choose a strategy that both created long-term value for the communities around me and provided for my family. I believe that...
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I was looking at putting an offer in on a duplex, but am getting mixed information on the insurance needed - that could make or break the deal.The current tenants are running an assisted living business out of the dup...
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I've just bought my first duplex and will close Dec. 1. I found out this week that one of tenants will not renew their lease on 11/30. So, this is a chance to get into the unit and spruce it up.The current owner adde...
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Hi all! What is more lucrative? being a Realtor or Flipping Homes? Both are active income but it does seem the flipper has more control, waste less time and overall has a better business. I would love to hear from peo...
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Hello fellow innovators. I have a seller who is interested in selling his condo. He bought it back in 2011 for 93,000 with no mortgage. He claims he put 10,000 into it. He also claims he had an offer for 106,000 a few...
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BP Community,I’m hoping to get some community advice on a deal set up.Background: my partner and I have owned a rental property for about five years. We’ve always had the intention of cash out refinancing into another...