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The details:Total of 7 beds, 4 baths divided into 3 units in Steamboat Springs, COPurchased off MLS for $695,000, 25% down.Approximate remodel & Setup Cost: $200,000Total Cost of project upfront: $373,750 Traditi...
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So for the last 18 months I have been looking at the same piece of property, ill try and bullet the chain of events:- Property comes up for sale ( Boston area ) listed at 1.8 million- Total rent roll is 10,600 - 5 one...
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This post is long, you've been warned.
Here is the orginal deal:
Purchase - $75,000
Down - $18,750
Mortgage - $56,250 ($285/month @ 4.5%)
Here's where things get a little more difficul...
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Hello Everyone! My name is Matt Ward and I live in St. Paul, MN. I recently decided that I want to pursue a career flipping houses. What is most exciting about REI to me is taking an unattractive house, and transform...
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Greetings Bigger Pockets, My Father and I are looking to get into real estate investing and want to focus our efforts on flipping homes on the North Shore of Long Island. We realize that the market here is more expen...
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I currently own a condo in Austin with spectacular views in the hills near 360 and 2222. I am really interested in doing a 1031 Exchange for this property and getting into a historic loft in downtown Galveston near t...
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Hello BP! If you had 100k cash to use on real estate for the San Antonio market now, how would you invest? Any specific zipcode/areas that are up and coming but still good for fixer deals, especially on all cash offer...
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Income growth is an important factor in determining rent growth. The two exhibit a fairly strong long-term relationship, shown by the graph below.
But if rents are growing faster than incomes (blue dots in below), th...
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Hi Bigger Pockets,My wife and I own a 3 unit property and we currently live in one of the units. Each unit is 3 bed 2 baths. Our tenants are okay, they pay on time every month for the last 2 years since we've bought t...
My tenant's lease is up on Nov 1. He just told me he's looking to buy his own house and asked to go month to month. Are there good alternatives that is fair to both parties? I was thinking of proposing month to month ...