Thanks, all, for all the knowledge you've shared - I've learned a lot on this forum.I'm finally writing with a question. I'd love a 2nd opinion on this approach I'm considering:I'm inheriting $50,000 and I'd like to i...
My question is two parts. 1. Anyone who has a solo 401K can you recommend some good companies? 2. Has anyone successfully set up a solo 401K while still have your employers 401K, Thank you for any responses!
Hi all -- I'm considering a deal in northern new jersey and it's my first multifamily investment so I'm looking for some help.List price --- $320,000Est. rehab costs --- $100,000Taxes --- $9,500/yrMonthly Rental Inco...
Hey Folks,Can you help me develop some exit strategies from house-hacking a fourplex?My long term strategy is developing cash flow to supplant my wife and I's current income.No specific property in mind yet....We are ...
Working on a project to cut the cord in six vacation rentals. Experiment so far, I bought an RCA 32 inch TV with built-in DVD. I will supply about 20 DVDs per unit. There will be one of these in each unit.I will offer...
I operated as a house flipper and home remodeler for 3 years from 2014-2016. After three years I decided to try something different and got a job as a sales manager at a car dealership. That job was high stress and 60...
Hello BP community. This is my first post on BP which means I am newbie to the community. I've actually been a member for about two months now. First off, let me just say that you all are true inspirations and I would...
So I've built this excel document that does rough calculations of 2% test, Cap Rate and CoCROI and while I'm pulling most of the numbers from sources I can find (realizing they are not exact, but in the ballpark), the...
Hi! I'm looking at my first purchase and I think I'd love feedback on the numbers I found12 unit apartment building in Brucetown areaPurchase: 380,000, 20% downExpenses, Annual: Property Tax: 1400 Insurance: ~3000 ...
hello BPI am considering purchasing a property that is currently a rental. Not sure how the lease is written up between existing Tennant and LL. But I know they are behind on rent.If I buy the property what are my o...