So, I do not own RE but want to use my savings of around $200k which is currently sitting in the bank and losing value, to buy some properties to get some decent cash flow.My friend has been buying SFH's in North Caro...
Hey Guys!This question comes from my search in finding the next stage of funding after I max out my 10 conventional 30-year Fannie Mae Mortgages for our rental properties. We've met with several commercial/portfolio l...
I recently bought a property in the City of Detroit from an auction, and it turns out there's a squatter there. Talked to both of the next door neighbors and apparently this lady (with kids 😮💨🤯) broke in and set up h...
Hi all,
I've been investing in real estate for 10 years, mostly BRRRR in Midwest and Georgia, STR in TN/NC, and recently bought an industrial warehouse in GA. I got it by accident and not really sure what I'm doing n...
Hello! My wife and I are in contract for our first rental property, a triplex! The current owner has had it for 21 years and is older so rents have not increased over time. The current tenants are being charged $425 w...
In order to do a 1031 exchange do you have to reinvest the total amount that you sold your property for?
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Hi everyone,I’m new here, right now just reading and learning. My husband and I are very interested in starting out, but at the same time, we want or have to do ( Shocking right!!:-). Our biggest dilemma right now is ...
Hello Wonderful Bigger Pockets Community!
I have been lurking around BiggerPockets for a decent amount of time now. I was fortunate it enough to sell a successful business late last year and after discovering...
I had a rental application from someone with poor credit. She furnished paystubs showing a very handsome salary and was more than qualified, willing to make two months security deposit and start the lease immediately ...