Playing around with my Excel spreadsheet and got to thinking about selling my rental property in the next few months vs waiting until it's paid off in Jun 2027. Have a 27k mortgage balance, sale price est at 415k. Ass...
seller called off a large postcard and said They owed 110,000 and if they could get 2,000 cash it's mine.
When asked why they were selling they said their daughter was renting the house and stopped paying ...
Hey Everyone! I just started getting into this space and I've been trying to discover the best way to find sellers who are motivated. I'm currently using the propstream, redfin, and zillow trifecta as well as driving ...
Based on the tremendously positive feedback that the Cleveland Price & Neighborhood Map has gotten from clients and users on BiggerPockets, we've decided to put more effort into making it an interactive map that c...
I happened to run across a message from someone looking to sell a near 50 unit apartment complex in my town off mls. We spoke briefly on the phone and he said that he would prefer to meet in person, so we scheduled to...
It is always important to be able to analyze properties and potential acquisitions/sales. My belief is most of the profit is made on the buy. I have an opportunity in real life and want to throw it out there. There wi...
When evaluating a property what do you look for:
High Cashflow?
Example: $74,000 house rents for $900 month, buy with all cash gives you a 9% Cash on Cash return and a $587/mo cash-flow.
or
...
Option - In legal language, a real estate option is an agreement that grants the party owning the option, the optionee, the exclusive, unrestricted, and irrevocable right to purchase property from the party selling th...
In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...