JASON CHOI
Almost ready to pull the trigger
Hello BP Community!I wanted to thank you all for helping me think through all the steps that are required prior to jumping into RE investing. Based on my research and your input, I've narrowed down my targets to: Ohio...
Benigno Cunanan
Rents weren’t what I expected
Purchasing a home at $66k. Memphis, TN 38115. Initially I thought the rents would be from $850 to $950, thIs was supported by my rentometer analysis, Zillow estimates and my
Agent’s comp list of rents around the area....
Derrick Cameron Jenkins
Rising inflation effects on STR?
I am in the final stages of acquiring a down payment for my next investment. I was initially planning on using the money to purchase a property in Palm Springs for an STR, but with todays announcement of higher inflat...
Marcus Auerbach
Only newbies think the market will crash..
The debate about a market crash has become almost as emotional as some other favorite American controversies. You don't see seasoned investors selling off their portfolios. Especially on social media no matter if it's...
Abe DeHart
Cost Seg. Study on STR
Have any of you done a cost seg. study on an STR? We recently purchased a large cabin in the Smokies that I'm interested in having a cost seg study completed on. If we do a cost seg, are we able to count depreciation ...
Rishi Da
Wanted your thoughts on my practice deal analysis
Purchase Price: $420,000Down Payment + Closing Costs: $98,000Repair Cost: ~$50,000ARV: $570,000Forced Appreciation: $100,000Deal: $420,000Comp 1: $545,000Comp 2: $620,000Comp 3: $580,000This was just a on-the-surface ...
Ryan Crowley
Pay off mortgage and snowball?
Hey everyone, I accomplished my goal of getting my first rental property under contract by the end of 2017 and I close on this property soon. I have been calculating the best way to grow my portfolio, but I am curious...
DeWitt Gibson
Fannie Mae tightens lending standards on Investment Homes
We have been discussing this at my office all day. I don't know much as this point, but here's what I know: "Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the governmen...
Ben Bartels
Why is real estate a better investment?
I feel silly asking this question, but my wife and I have been struggling to compare our investment options. Obviously, BP forums/podcasts/blogs/etc. indicate that real estate is a good way to go. It sounds like a 15%...
David Edwards
New Build Multi-Family: Phased Build
I have a plan to build out a duplex community, 6 duplexes (12 units) on 1 acre of land that cannot be subdivided. The original idea had been to subdivide the land and build 3 quad-plexes but I met with the city and th...