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I am new and wanting to build on a good foundation for purchasing 3-20 unit multifamily buy and hold- please chime in if you have helpful thoughts. Please list the insurance policies / types of insurance I should con...
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If you were handed $887,000 what would you buy? (seriously see what answers come to mind)If you had any of the following come to mind: charity, help family, new house, better car, computer, travel, etc. There's a goo...
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I am thinking of offering my handyman 6% of gross rents to take care of an apartment building I will be getting soon. He will do everything except bookkeeping, paperwork, and filling vacancies (I have a great renta...
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Cap rate: 8-11% (you'll see in a minute)All cash deal. Price is firm. Duplex, currently 100% occupied. To leave out the boring parts, I have run through the numbers and I come up with a NOI of 10k/year. With a mixture...
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Hey guys,
I just closed on my first rehab today and I am looking to record all transactions made in relation to this property.
I heard that Quickbooks Pro is great for this purpose, so I am trying it ou...
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Is this a good deal for a first Multi-unit? I'm kinda caught up because of the balloon @ end of finance. Seller Financed Terms:Sale price: $165,00015% upfront cash deposit and $1538.27/month for 60 months with a bal...
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Hello BPers,I’m looking at a few properties in Hilton Head as potential vacation rental investments, and would appreciate any local investors or folks that can give feedback on my financial assumptions. Please reach o...
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Hi guys, I've got a duplex that I've owned for about 5 years. I've got a renter moving out and so I've posted that unit on Zillow/ Trulia/ Hotpads. Within just a couple of days I have over 50 interested people in the ...
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Hi everyone. I am debating between buying a single family property where I really want to live on long island (convenience, close to friends/family, location I like) vs buying a multifamily in an area in a NYC borough...
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Being new and there being so much information I figured I would try to start a weekly thing for all of us newbies called "tip of the week". Hopefully, some of the more experienced investors will overflow this post wit...