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Hi!I am wondering if anybody has any "quick and dirty" calculations (similar to the 1% rule in LTR investing) that they use when underwriting STR's?I have heard some are aiming at 20% COC return. Does that include dow...
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Hi BP -You guys have helped me immensely over the years and I am finally at a point in my investing career where I can embark into apartment buildings. I'll be honest though, the idea of writing an LOI and all the jaz...
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Hello biggerpockets! I don't know what to do with my property. I and my husband bought our first house in October 2022 when there's a lot of changes in interest rate. ( 5.5 % with VA roan? 5 bed 3 bath house ) For une...
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I am thinking about getting enough credit cards to buy a home with them instead of using the bank..
Here is why.. I bought two homes this year and I am almost out of money.. My thought is this. If I can buy a third h...
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Hi all,
I just started my research about apartment buildings in Ontario and already got a few surprises....
.7+ Apartment Buildings:
It seems it's very hard to get 15% CMHC financing since they wi...
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Hi BP familyI'm getting ready to close on my first income property with Wells Fargo. Closing cost are $2792. Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501. The other cost inc...
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Long Island is quite strange because NYC, JC, and CT are right next door, yet LI's fundamentals are making my head spin.Both in NYC and Long Island, the net income from job would be about the same after the LIRR/MTA/c...
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View report*This link comes directly from our calculators, based on information input by the member who posted.I just want to be sure that my expenses look correct and not crazy high or crazy low. Tha...
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Hi my name is Kyle, First time poster long time reader.
I have a question I would run past my accountant but not sure if its a dump question or not.
I have been in R.E. investing since 2007. I have a few rental pro...