I own a single-family rental in North Carolina. I am new to investing in property but would like to invest in beachfront property. The purpose of the property would be to place on Air Bnb and like websites for short t...
Hi Everyone, I have a situation that is causing a lot of stress in my life and I wanted to get some feedback. My sister and I recently inherited a beach house, a condo, and a plot of land in the Cherry Grove, SC ...
I'm a new investor looking for ways to find cash flow in this challenging market. I was recently introduced to the rent by room Medium Term Rental platform Padsplit.com. It looks like a less labor intensive way to i...
Hi all! I'm in process of closing on a 96k rental property and trying to decide btw 15 and 30 year mortgage. Below are numbers:Purchase price: 96,000Down payment: 20%Interest rate: 3.125% on 15 yr, 3.85 on 30 yrMont...
Back in November (2014) I closed on my first REI property. A 'turnkey' duplex in Chicago. I went with a well-known turnkey provider and posted initial updates in this thread:http://www.biggerpockets.com/forums/92/to...
I frequently hear/read that large multifamily properties (i.e., apartment complexes) produce better returns than SFH or small multifamily (2-4 units) properties. I just can’t see it in the numbers, as I can figure the...
Hi All,I'm about to purchase my first home with the intent to rent it out in due time. The cost of the home is 225k with 3.5% down. My monthly principal and interest is 1054.72, but when including hoa fees and the oth...
My wife and I are looking into shopping for a rental property. However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.
Because of that, it looks like I would not be able to ded...
Take Ozone Park for example. I saw a house last week for 630k 2bd over 1bd. Running some basic numbers.... (not conservative).Upfront5% down + 20k closing = 51.5k out of pocketMonthly (best case scenario)- 2944 Equity...
It seems that turnkey sellers are sprouting like mushrooms, not unexpected giving all the distressed inventory being snapped up.
Current practice by the largest turnkey sellers strikes me as questionable. Here are a...