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How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
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Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...
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I am in the process of obtaining a HELOC on my primary, with plans to buy some rentals. I've been doing a lot of research on how to pay down the HELOC faster using it as a checking, and have some questions as things a...
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My husband and I are anxiously awaiting the refinance of our primary home so we can get started investing with our first deal. My husband is a general contractor and more confident in this field than me, but we both a...
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Just a word of advice to beginners who have not yet bought any property....
One major problem that a lot of new people run into is just getting started. The biggest problem I believe is that people end up thinking to...
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Hey guys, Ive been reading large amounts of posts, and came across the term slumlords, something I never heard before. Does owning rental property in low income areas make you a slumlord? Or is it when you let the pro...
Hey everyone! I’ve always had a huge interest in real estate, and now that I’m 18 I want to take that interest even further. I am from New Jersey and plan on attending college in California this upcoming fall. I’m sea...
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Hello BiggerPockets!I am a fairly new investor from Illinois. I want to connect with other investors from different markets that I am interested in getting started in. My main goal is to develop a portfolio of renta...
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I’m tired of flat-fee brokers posting FSBOs on the MLS. I spend hours and money yearly on subscriptions, CE courses and marketing for the privilege of using the MLS. We’re not even permitted to share our password and ...
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In general there is a lot of speculation that the housing market prices are going to drop.... at least in California, it does feel that way I see home sales slowing down, prices haven’t really dropped a lot but it def...