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My wife and I are getting ready to close on a 3 unit rental property in a suburb of Buffalo NY. All three units are currently occupied, 2 of them are month to month and one is currently on a 1 year lease. All three ...
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There have been a couple long threads lately about inflation, hiperinflation, and deflation. there are also economists, econ grads, students etc posting on these subjects.
My questions are as follows:
1. If you ...
Hello! My name is Jesse, I’m new to everything real estate, been listening to the podcast for a few months now and I’ve found a rental property I’m interested in. It is a duplex for sale at $185,000 , two 700 sq ft un...
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Hello BiggerPockets,I'm looking for a little advice from experience multi-family buyers on a potential deal that I found. It has passed the initial filters I use (1% rule, 50% rule, major city, under $500K) and I am t...
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This is a great topic, I think we can all benefit from creative ideas. Multi family comes to mind. In a economic downturn people down size. They move from there homes to apartments to cut cost. I would say make sure ...
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Hello all, I am trying to determine my first move whether that will be a Multi Family house hack in the Chicago area or a small house flip at first to accumulate some capital. I would need some time to accumulate a do...
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$489,000 purchase price$10,000 face lift$1698 mortgage (25% down and a 3.75% rate at 30 years)$307 taxes$175 insurance$175 HOA$118 vacancy$29 maintenance$59 CapEx$2561 total expenses$2950 rentDoes this seem out of lin...
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Okay so my wife and I are flipping our very first property. We got a older craftsman style home in a very desirable neighborhood, filled with homes like this one. The issue is that its basically all 2 prong electrical...
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I've been working on a project that is a larger-scale version of the "house hacking" that @Brandon Turner and @Joshua Dorkin are big proponents of. Essentially, rather than fixing up an under-valued house, I'm trying ...
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if I flip a house and make 50k.... then I reinvest that 50k in another flip... I understand I don't pay taxes on that 50k... but what if I reinvest to buy another property then mortgage the house right away and take o...