Hope Fick
How would a lender value a property generating 32k a month?
So here’s my situation.I recently bought a hotel, and converted it to efficiency apartments. It has a common area, and a courtyard that is still being worked on. The rooms are finished and occupied. There are 43 rooms...
Exo Dallas
2% Rule or (Rent x 50)
I understand this rule and why I must use it. BUT, is there any other criteria that should be consider? Do I ever go down to 1.75% or say (rent x 55) for example? OR is this the 2% the minimal I should ever use.
A...
Chang Hee Lee
How Are You Dealing With Increased Rates?
I was working with some investors yesterday and were calling some of the local banks in town. Thank God owner-occupied loans are still under 5% but I had some lenders quoting us 6% on a fixed 30-year for investment pr...
Justice Carter
Starting out in Urbana, Illinois
Hello, Stopping by to introduce myself. I’m Justice Carter. I currently live in Urbana, but will be residing in Chicago come later this year. I am 20 years old just starting out with real estate and am extremely focus...
Terri B.
Uncapping Property Taxes
An obstacle I'm running into with building my portfolio after analyzing a potential deal is the very high property taxes, particularly on properties that have been owned a long time by the previous owner. Im.not certa...
Patrick Froehlich
Sioux Falls, SD
Anyone from Sioux Falls, SD? I would like to start a real estate investing club for beginners. Please post here if in SF and interested. Would like to start with 5-10 motivated people.
Hayden Clark
Method to get started?
Greetings,
My wife and I were about to start looking to buy our first property. Our plan was to buy a duplex and house hack by living in one side and renting the other. A few years ago this seemed like such a good m...
Yasmina Malik
Oh no not another one! Bay Area CA, Newbie
Hello everyone, I just wanted to introduce myself even tho I have been lurking on this site for a few months I finally decided to sign up and say hello. I'm not really looking to get into your normal type real estate ...
Jenni Purvis
Cash flow or appreciation, which should I pursue next?
I invest with a buy and hold strategy in two very different markets, about 100 miles apart, and we're analyzing where to put our money next.
Our first SFR is in an inner suburb of KC, a fantastic location for...
Rony Mueller
Resources for learning DIY
Hey BP Community!One of the most interesting things to me in RE is flipping. But there are some minimum required construction skills when doing a rehab, that an investor should understand, in order to at the very leas...