Brian T. Grooms
Starting rental property portfolio with 100% equity in one rental property
Hi all,I am new to biggerpockets and eager to start building a portfolio of rental properties. I currently already own one rental property free and clear. So far with my one property, I have had a great property manag...
Sartaj G.
Paying down 1 or 2 morgages faster with extra payments
Hi all,I have two recent mortgages both at $175k principal and 6.625% fixed for 30 years. I want to accelerate the payoff by either paying $500 extra on each or $1000 extra per month on 1 only and keeping the regular ...
Ben Leybovich
Do you raise rents annually?
Just wondering if you landlords out there institute automatic annual rent-increases. I give myself the option in the lease, but do not typically. Good tenants are hard to find and I don't usually tock the boat. You?
Jeremy K.
Offer price vs asking price
Since I am about to make an offer on my first property, I was wanting to know if it seems way out of line.
The lisitng agent stated that the property had a NOI of $19,500 with a asking price of $249,000 for a CAP ra...
M Ness
Feedback on First Deal
After a lot of researching, reading, and planning, I'm getting closer to purchasing my first property. The goal is to buy a cashflow rental condo unit. I settled on a condo unit for a few reasons: in my target town, a...
David C.
Mostly Month to Month tenants in a Multifamily - Big red flag ?
(Sorry for all the M's in the title)
Fellow BP-ers,
An OM crossed my desk which seemed promising, a 9 unit multifamily which had decent cashflow and the numbers would work at a slightly lower offering price. Howeve...
Neal Collins
Inspector makes tenants water bill shoot up $3,000
A single family house we manage is under contract to be sold, and during the due diligence phase the inspector left the water running in the kitchen and the bathroom for a full two hours. Water in Portland is billed o...
Joseph Platyan
[Calc Review] Help me analyze this deal
Hi group,I am looking for advice on analyzing this single family home which would be my first buy and hold property. It's located in Palmyra PA near Hershey. The area has A rated schools, major hospital, low crime, an...
Anthony West
BRRRR Strategy - A couple questions
Hello,I was recently told about bigger pockets and it is great so far. I have been investing in real estate for the last 10 years but have just heard about the BRRRR strategy.It sounds intriguing. I have the cash and ...
Tedros Fremichael
What to know before buying a 5+ unit apartment building?
Hello, I am considering buying a 6 unit apartment building so I'll need a commercial loan and this is my first building. My question to all experienced investors is what should I know when seeking a loan and the proce...