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6 fully occupied duplexes, cap rate 8.5%, tenant pay electric & cable. Room to build a few more duplexesWhat is wrong with my number? If seller said 8.5% cap rate, maybe I put expenses or too high? property tax se...
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Hello all,I have been reading and stalking the forums for a while now and decided it was finally time to start posting and networking. I'm taking any and all tips and advice I can get. Hopefully one day I can go from ...
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Hi everyone, what percentage of my monthly rents should I be putting aside for future expensive repairs like roof, furnace etc.? For example, if my rent revenue was $2,000/month with $1,000 going towards mortgage, wha...
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Hi Bigger Pockets,I have had an interest in getting into real estate investment for quite some time now. My partner recently closed on his first multi-family property and now that the "idea" (but no longer just an ide...
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Hi all:
I’m new at this and looking for some guidance. One of my goals for 2022 is to invest in real estate, after thinking about it and working towards it for several years. My husband and I are from East Tennessee...
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Hi Everyone,I don't know why I always get nervous when it's time to pull the trigger...several years and purchases into this thing. Anyways, please take a look at the numbers for my newest deals I plan to close wi...
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Due to my lack of documented income (I am paid in cash) I have had a hard time qualifying for a loan. Credit score of 750+.
Example of property I am looking to purchase:
Credit Card Cash Advance: $30,000.
Personal ...
So last year I bought, repaired and rented 10 houses. These were in a town on the other end of the US from my residence and I personally only saw 3 of them before buying them. Below are some of my experiences. 1- No...
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Hey everyone I’m 20 years old in the marines in camp pendelton with 2 years left on my contract. I will be returning to Massachusetts and don’t want to rent. I have $25k in mutual funds and 40k in cash. I will most ...
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Newbie here. Short version: I attended a local foreclosure auction and one of the houses I was interested in went back to the bank. Is there a way for me to buy it now directly from the bank, or do I have to wait fo...