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Here are the details:
Asking price=62,000
ARV=~85,000
Tax assessment value=88,000
Taxes=2,056 (last year)
Repairs=10,000
The negotiations have come to a halt at 50,000. The seller is firm at this price.
I'm looking...
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Hey all,
I found a tenant-occupied triplex and made an offer "subject to inspection" without actually viewing the property (besides from the street). The seller , without accepting the offer, responded by set...
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From speaking with other landlords, I can see that all-inclusive rent has a somewhat negative connotation as there is little room for positive CF. There is also the risk that tenants abuse utilities knowing they will...
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I am a property manager at a lower cost, but market rate, (unsubsidized, no section 8, etc) SRO apartment building in Portland, OR. I have a long time tenant who is in his mid-60s and is becoming increasingly physical...
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I'll be closing this Tuesday on a property in Chicago in Hermosa neighborhood. It consists of a coach house in the back with 2 units and a store front. All 3 are currently occupied, the 2 residential units are current...
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Hi,I have 1031 with clock beginning to tick in couple weeks. Looking for 1031 friendly investments - commercial or residential. Would love to get thoughts on1. What are typical CAP / COC rates?2. States/ cities to inv...
Hi all,Does anyone know if there is a free resource to find out details on recently sold commercial land? Looking for details like location and price along with size of the land. Thanks!
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Hi Bigger Pockets Community,I currently own a single family home in CT where I live with my fiance. We have been wanting to get into investing for a while and finally settled on BRRRR to build passive income.I cannot ...
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Hello Everyone,I'm purchasing an investment property in Memphis, TN and wanted to verify the information below is not problematic.Through research, I came across that Name Insured should equal name on deed, otherwise,...
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I've been listening to BP Podcasts (already on episode 31) and it seems that direct mailing is one of the preferred marketing tools for many if not most REI. I am new to the game, so I am sorry if my question seems na...