I am currently looking at a 15 unit complex sales prices$1,350,000. Net rents (minus 5% vacancies) is $170k expenses are $48k. Cap rate would be about 9%. I am thinking of doing a self directed IRA to pay for the d...
Good Evening Bigger Pockets, After 3 years of hard work I've been able to get my first multi family Property in west new York, NJ. I closed the deal in the end May 2016 and I'm now on my second mortgage payment. I was...
I live in Northern Utah and I have been looking and looking in Davis and Salt Lake Counties and haven't found a ton of deals, everything seems vastly over-priced. I have started to look more up north towards Ogden, ha...
View report*This link comes directly from our calculators, based on information input by the member who posted.Hey BP family! So I surely know that I am no expert in the BRRRR strategy and I'm new to ...
I have a home under contract to buy from a wholesaler. There is an exisitng tenant but they are suppose to be family members of the current owner. The wholesaler said they don't have a current lease with the owner but...
Nearly all of my rentals are financed with commercial loans that balloon in 7 years. I have a very good interest rate of 4.75% and with a 25 year amortization. All of these loans will balloon around the same time as...
Quick introduction: I will be moving to the greater Minneapolis area this summer due to a job transfer and wanted to get some local opinions of which areas to check out while I'm visiting this weekend. I'll be working...
My fiancé and I are currently in negotiations on a triplex and the inspection revealed some unexpected repairs. With the cost of repairs and the down payment, I’m wondering if we are in danger of over leveraging ourse...
Hey BP Nation,A good friend of mine reached out to me and want me to represent him as his real estate agent when trying to rent a suite in a brand new commercial neighborhood mall. He is a doctor and wants to start hi...
Ok, so I'm sure my scenerio will be an all too familiar one for many of you. We put in a cash offer on a foreclosed home. Offering $6,000 less than the listed price.
So...