Can someone please tell me the 'rule of thumb' when evaluating a property for rental? Or better yet, what is the '2% Rule and the '50% Rule'?
I'm looking at a potential deal tomorrow and I'd like to get my numbers rig...
Hi all, I need some advice from any members that might have experience in this subject matter. I have been planning to get started in REI for several months now but a recent job relocation has put this on hold. I wasn...
I could really use the knowledge of experienced investors here.I live in San Antonio, TX. I have yet to invest in the real estate market (I'm a newbie who hasn't gotten their feet wet yet) and have so far been doing s...
this is a continuation of my previous thread about the deal i am working on. want your opinions, please.
details:
asking price - 80k
accepted - 63k
75% LTV
cash to the table - ~$18k
rent(good condition) - 1,150-1,25...
Just spent the day looking at 6-7 foreclosures I've found online.
Some looked good, and some looked over valued. I called the realtor handling the sale and asked for the asking price, to make sure my prices added up ...
I found Rodney’s write-up of his deal incredibly helpful, so I wanted to give back with one of my own. Thanks for the inspiration!
Background
A little over a year ago, I was working in the entertainment industry in ...
Hey Bigger Pockets Family,
I have a duplex in a B/C neighborhood in Jacksonville FL. I bought the property as a primary using my FHA loan and have been doing some updates to my side but have a tennant moving out soo...
Hi all,Newbie here. Creating a written plan with some spreadsheets. The basic plan is to buy a duplex with 20% down (100k down for a 500k property). Annual cash flow around $2,500. After the property has appreciated a...
So ive been on this forum for years but guess never sat down and shared my story.
I'm from Buffalo NY. I have 2 beautiful children and an amazing wife. I'm 36 years old. I've been in the USAF Air National Guard for ...
Hi All,
So I am still looking for my first deal. I have a customer/friend who has a 4- unit building that is willing to owner finance. We briefly discussed some numbers and here is what we have initially came up wi...