Hi, I’m Cindy and I live in Woodbury, MN. My husband and I own 3 properties we lease out (2 single family and 1 commercial bldg.) We also own the home we live in as well. I started as a landlord renting out a 1 bed...
Hey all,
Im glad to be a new member of this great community, ive been reading the forums for a few weeks and its amazing to see the tremendous amount of quality information available here! Its a bit challenging for ...
So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.
For rehabbing: (ARV * 70%) - repairs = Max Purchase Price
For Renting: Rent * 50 = Max Purch...
I am new to flipping and have been looking at a turnkey wholesale company to get properties. As a ball park I am using the following formula to determine the buy price. (.70 * ARV)- repair cost. So a 100K ARV house...
Hello everyone!
My name is Jordan and I am a budding real estate investor from Maryland! For years I have dreamed about real estate investing but now I think it is time for me to seriously start investing.
I’m nine...
We have sifted through many homes and found one that the numbers make sense. However, it needs a LOT of work to bring it up to snuff to bring in worthy renters. It’s a highly desired area so the market is naturally mo...
Hi all! I’m Alex. I have absolutely no experience in buying or selling houses in any capacity but i am your typical patient of analysis paralysis. I’ve read the books, listened to the podcasts, talked to the people bu...
It finally happened! My husband and I closed on our first deal last week. We purchased a town home and inherited tenants. We learned so much this first deal. Thank you BP community, there is so much encouragement a...
Hi All, I recently learned an important lesson: Don't forget to require recently utility statements before closing on a property. I assumed this would be something title would do in all states. When I closed on my fir...
Good morning all. I am a new investor learning lots with Bigger Pockets. Thanks for all of the helpful info. After attending a free workshop from Fortune Builders and hearing how a few deals can be done creatively my ...