Apoorva Modali
STR or MTR in the Carolinas
Hi Everyone! I am looking to invest around $100k in a STR or a MTR in either North Carolina or South Carolina. I live in California and own a few LTRs in Scottsdale, AZ, and Columbus, OH, which pay for themselves and ...
Troy W. Hudson
New to REI at age 60
Hi folks, my name is Troy and I'm a Christian. I'm married to a beautiful girl named Tammy and we have 4 grown kids and 6 grandkids. I just turned 60. We live in the Augusta, GA area. Our kids are spread out all over ...
Ryan York
Talking to Lease option leads
Hey all,
We've recently started working with lease options.
We have a tenant buyer site set up and we're working direct mail, Craigslist, fsbos and expired listings for sellers. As you can imagine, we're getting pl...
Kyle Hipp
What does everyone do with a house with asbestos/slate siding?
In the area I live and invest there are many houses with asbestos slate siding. I know this siding, if maintained correctly can last forever but it looks horrible and has the stigma attached of old and dangerous. I ha...
Andres Triveno
Home inspection or not?
I am buying a brand new construction and was wondering if it makes sense to spend the $400 for a home inspection? What could possibly turn up with a brand new build? I am open to hearing all opinions.
Account Closed
How to remove smell and bugs from unit?
One of the units I recently closed on is in need of some touch up work. It is now vacant, but the previous tenants lived there for over a decade and had no concept of personal hygiene. I don't think they ever bother...
Account Closed
Current SFR deal analysis
Price=300k
Down=20%
Interest rate= 3%
30 yr fixed
P&I=$1012
Tax per month=$291
Insurance per month=$67
Total per month=$1370
The home is 4 bed/2.5bath 1800 sf
Built in 2005 so very low maintenance. Very rent...
Henry Lazerow
Chicago - Roscoe Village 4 unit BRRR! Deal Diary
I was the Broker representing the buyers side. Happy to walk my Biggerpockets friends through the before and after! 3 units + 3 story coach house (was 2 units we are converting into 1 luxury 4br 2ba). Bought for $730,...
Sarah Lorenz
What's wrong with this Loopnet listing w/ projected 17% cap rate?
Just browsing idly on LoopNet--I know these are the pick-over and overpriced deals--and I was curious about this 3.2 million listing for a 90 unit portfolio in Cleveland with a "projected" cap rate of 17. 27%. Occupan...
Colleen Pelliccia lavin
Lending to first time investors... Are banks looking for certain qualifications besides the money?
We're saving up to invest in the next year or two. If I approach a lender with 20% down but no landlord experience, will there be a problem? How can I prepare now?Thanks!Colleen