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Hello BP community, So I know this is random but I have been reading into owning a laundromat as an easy to run business. It looks as though there is a lot of upside potential and not too many negatives. Aside from th...
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Can someone explain to me why you would (or wouldn't) invest in a property to break even and not make any cash flow with the rent? Would this still increase your net worth and possible equity with the new property?
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Cleveland.
Purchase price: $130,000
Cash invested: $32,500
Duplex
Purchase price: $130,000
Cash invested: $32,500
Mon...
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Hello Everybody!
My name is Keefe Shanahan and I am a Senior Loan Advisor at apartmentloanbiz.com. I'm here to help investors, real estate agents, & residential loan officers by extending advice and service in a...
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I'm analyzing an apartment to purchase and there are some deferred maintenance items that will likely be pretty spendy in a few years. At least $40,000+. Does anybody have any advice on structuring deals to get these...
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Hello all!I am brand new to the idea of real estate investing (thanks to my wife encouraging me). I have been content to be a homeowner of my primary residence, and to work full-time in my W2 job (in the medical fiel...
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Hi All!
I am new to the site and new to real estate investing. I am a financial analyst by trade, but I have always had an interest in real estate. Specifically, a partner and I have made the decision to in...
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Guys,Looking for some guidance here. More or less closure in this instance. I am shopping around for Refi options in Ohio and am going back to my original Lender for help. Here are their comments:"If you pay cash f...
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Hello All!I'm in the process of buying my first piece of real estate, and I'm aware that an amortization schedule/ calculator helps me find out how many years I can shorten my mortgage by making extra payments on the ...
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Hi Everyone, i posted this in another category, but i wasnt sure if it is the correct one, so I'm posting here in the General Real Estate category. I apologize if you see this post twice.
about a month ago, i signed...