Brandon Thurman
Seeking Advice on Handling Rent Increase Dilemma with Elderly Tenants
Hello! I hope this message finds you all well. My wife and I recently acquired a 4-unit apartment building with inherited tenants, and I'm facing a bit of a dilemma that I'd appreciate some advice on.
Two of our tena...
Account Closed
How To Make $2 Million in Real Estate in 2 years in the Bay Area
My partner and I went out to lunch with one of our agents who sold us 2 buildings last year. He asked how much do we cash-flow on the buildings? We looked at each other and said we didn't know. You've gotta be kiddi...
Fred Shandler
Help understanding using equity to obtain more props
I know this is a very amateur question, but I don't understand how exactly equity is actually used in (or helps in) obtaining more properties.
For example, investors typically buy at 70% of market value, less repairs...
Keng Fong
Questions that came up when I am trying to start investing in real estate
1. Is it a good time to start investing in real estate because the interest rate is so high?2. How to start investing in real estate when I live in a very expensive area？ (Seattle WA)
Matt Ellis
I think I have a deal here. What do I offer?
Seller has a Property that her son is in and not paying rent ( so she has to pay all the bills). She even said that she would have to go back to work to pay her bills ( she is retired).She is asking $150,000 ( that is...
Hyeseong Park
Question about the best loan I can get for refinancing
Hello,
I recently bought a distressed property at the end of June (6/27/23) for flipping as my cash only and I just finished rehabbing it using my cash only and put it on the MLS market currently. But it seems like ...
Vlad Denisov
Delta between future income and expenses
Let's say we underwrite a deal and we think 3% growth in Gross Operating Income and 2% growth in opEx are reasonable. Because of this delta, NOI increases every year and Cap Rate as a result. But NOI can't grow infin...
Emmy K.
Closing on first property, 12-plex in 1 WEEK!! Tips prior to taking over!? TIA
My husband and I are thrilled and a bit nervous about closing next week on our first property--- 3 four plex's a mile from our home. A HUGE thanks to bigger pockets for helping us crunch numbers, network and give us c...
Ben S.
Raising rents A LOT on a 4-plex that we just purchased
We just purchased a 4-plex in the Minneapolis, MN suburbs. The current rent is averaging about $720, but the going rental rates are somewhere between 1050 and 1350 for a 2 bed 1 bath unit. We have purchased this pro...
Keith Jourdan
Appraised value question
I often see homes advertised "50k appraised at 65k". Just an example. So does that mean one can buy the house for 50k then take more equity out of the property then 50k he used to buy it?? im confused here.