I'm starting to get a general idea of how I should look for a property that would be good to purchase, renovate, then rent out. I'm a little lost on which formulas I should use when considering a property. Things like...
Newbie here. If my immediate area, 32506 in Pensacola FL, doesn't even come close to the 2% rule (rent/value) then I shouldn't be starting here, correct? I'm using the BRRRR method, and median rent is about $850 for...
I’m a 32 year old associate real estate broker, and I work for a small broker here in town who is 69, and getting close to retirement. I know that before too long, he is going to at least want to slow down, so I am t...
I’m interested in doing my first flip here in Houston Texas. I’ve found a great property that was flooded during Harvey. I’m looking to use hard money lending to get the property and to renovate. Any advice for a newb...
Hey BP,I found a 6 plex property near me that the numbers look good in terms of cash flow. It was built in 1965, 4 2bed/1bath & 2 1bed/1bath. They are asking for $313,000 for sales price with rents at $3200. Doesn...
I've analyzed a bunch of properties for sale as close to nuts and bolts as possible. I've done the same for recently sold similar condition and configured properties to get idea of cash on cash returns in neighborhood...
Hello,I currently own a rental property and am looking to buy another. My question is there is popular talk about the "BRRR" which I love the concept, I'm not trying to knock it at all. I am just confused at how the r...
Heya board!
First off let me say that this forum is great and I have learned a ton of information to get started. I hope you guys/gals show the same enthusiasm and share your knowledge.
A little background about me ...
My father is retiring soon to Mexico, and wants me to take over his rental property. The home cash flows very well, but he owes as much as the home is worth. And I'm currently maxed out on getting another loan. I c...
Im looking at doing a refi on my primary to do down payment and up dating on a rental...once updates complete on rental should rent for 800 leaving 400 a month cashflow...my thoughts are to build up 6 months of rent ...