JJ Cole
Closing costs mess up Cash return.
I typically buy houses worth 110-140K for 65-80K (cash) and then spend 8-15K on rehab before renting the out for 1150-1250/month. When I cash out refi. I end up have to pay $4k in closing costs on a 80-90K loan. Is th...
Tyson Bumgarner
testing my analysis skills
So I borrowed this format that someone else used to analyze his duplex, and I decided to give a try at analyzing a duplex I found. This is what I came up with.
Duplex 3/1 with 1/1 attachment. They wanted 80k but the...
Ben Valentin
How to protect yourself against contractors when flipping...?
So I remember in the podcasts a few guests talking about learning the hard way when dealing with contractors. Losing money, dealing with mechanics liens, etc. They all mentioned that the more signed documents you coll...
Kam Su
Operating Expenses for a 30 unit multifamily
I am currently looking into a 30 unit multifamily complex for investment. This is a rundown complex which needs rehab. The target rental price is approximately $500 per month with electricity,water included. What is a...
Account Closed
Reaching Your Freedom Number!
Hey Biggerpockets! Just wanted to have a general chit chat about reaching your freedom number. Has anyone achieved this lofty goal? If so how did you achieve it? What was the feeling like? Also how was the up's and do...
Bob Oliver
BP Newbee from the Colonial Capital
Hello to the BP Community. I am a newbie to the forum and very excited about and interested in what I have read, as I can see there is a lot of experience out there that I know I can benefit from. I am a REI, civil en...
Carey Branam
Tenant wants to split July Rent
I just got a text from one of my tenants that they had to buy a car this month and they had to put down a hefty down payment so money is tight. She wants to know if she can pay part of the rent on the 12th. Rent was...
Onan Dumas
Fourplex Owner Financing Help
Hi BP I hope everyone is having a good day and a better week!
I am brand new to all of this and am a little overwhelmed by what the Real Estate world has to offer so I am hoping some seasoned investors are ...
Brett Merrill
New deal. Will little to no money work?
Hello BP community,I am new to REI and am learning the ropes. I have read many of the books, listened to the podcasts and have started my direct marketing. It has already produced many great leads and should be closin...
Henrik Frank
Are your rentals typically in "bad" areas?
Looking at the SoCal prices, it seems most areas are very far from being able to offer rent / price ratios that would satisfy the 2% and 50% rules. In my complex (Newport Beach), a $700K townhouse typically rents for ...