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I live in the Greater Detroit area of Michigan and from my quick analysis so far just using the 50% rule I have found out that only the properties (single family homes) which are from the 1940s and 50s located in B, B...
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I just took a look at an abandoned house that has a "Pending Demolition" notice on the door.Just got off the phone with that department and they said it is because they have asked the owner multiple times to make s...
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Ok about to make a offer on a very clean rental house that has been rented for 25 years by same renters. Owner doesn't want to sell out right because they don't want to show a big capital gain. They are interested in ...
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Hi! My wife & I started our AirBNB business in October 2021. We have received a few requests to have weddings hosted on the property. These requests are super flattering but are catching us off guard. We hone...
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Hello Everyone,
I am actually relatively new to real estate, but my father actually owns 4 properties under his name. He wants me to take over the business and I have been following Bigger Pockets podcast to learn ...
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This is uncharted territory for me. Am I on the right track?Goal: Generate $100k a year net income from rental real estate.Background: Currently own a few SFH’s and a condo from early 90’sI have long term W2 income,...
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So I have 2 deals on the table that I'm trying to choose from.One deal is:Asking price: 915k21 Units total. 4 fourplexes, 1 triplexes, and a duplex. Major structural issues with the duplex. Minor issues with all the o...
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We are in talks with a few larger local operators on some multi family portfolios. One of the sellers we estimate his portfolio to be worth around $20 Million. He is willing to carry 20% of the financing. My question,...
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Hello everyone,Have a question in regards to engagement with a real estate lawyer and the risk of being sued by investors if an investment in a Multifamily property. Part of an engagement letter with a real estate law...
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Hi folks,
Wowwww I am so pissed at my home state of California right now:
I am planning out of state investments in buy-and-hold multi-family properties. (Insert standard California refrain: "It's too expensive her...