Hey all, We just purchased our first rental (woohoo!). It's a small SFH with practically nothing to do to make it ready for rent. We're in the process of tenant screening right now (we've had like 40 bites!)My quest...
Good morning.
We own a 4 unit we've just signed a purchase and sales agreement on to sell. is it too late to commit to a 1031 exchange? We want a condo in Florida and we're thinking that even though prices are high,...
Hello Biggerpockets family I am closing on a property in Jacksonville later this month.I have a question regarding the Heating / Cooling of the house.This property was built in 1942 and this property does not currentl...
BP!!!I’m having trouble grasping the refinance part of the BRRRR strategy. I’m working on my 3rd deal, and I’m going to see if a hard money refinance strategy would work. The only issue is I am having trouble understa...
The SFR is in Huntsville, I think I got it for a pretty reasonable price, nothing to write home about but I am content. We completed the home inspection, insurance inspection, I looked at the property, the agent looke...
I am closing on a 2 family with a great upside for creating a 3 family plus additional storage space for increased rent. The home has a large fenced-in yard with an above-ground pool that was installed in 2021 and inc...
I was hoping some of the more experienced investors would shed some light on the risks and benefits of buying 5-6 units in the same city.What are some of the benefits from having scale in one city? Are you able to neg...
I thought there was already a thread about funny/humorous real estate definitions here on BP, but unless Steve can find the link, I'm guessing I read something similar elsewhere.
So let's start one here. I'll kick i...
Hi Everyone,I have been lurking on BP for quite some time and thought it was about time I introduced myself.My name is Jared, I'm a Canadian that lives in Houston, Texas. I work in management consulting and have a bac...
As a value-add investor, cap rate is not a main focus of ours when evaluating an exit.We do not control the market and neighborhood cap rates when investing in multi-family. We can still manipulate the NOI based on ou...