Hi BP members,Although this is my first forum post, I've been listening to the podcast A LOT.I live outside of the US, but I'm planning to move to Seattle (I am a software engineer) in a few months. I want to get invo...
Is it better to buy higher price point rent per unit apartments as opposed to buying more units with lower rents. You can buy 20 a unit building that rents for $1,000/month, gross rent = $20,000 or you can buy a 40 un...
Hi all, I am just starting to evaluate multi-family deals and came across a 23 unit multi-floor complex. I received its financials today and upon looking, it's 12-months performance puts it at 5 cap, and factoring in ...
I'm aware of the extra steps I'll be taking by paying for the utilities and the fact that if the tenant doesn't pay rent, I am ALSO on the hook for utilities not paid. However, I assume they will all be legit write of...
Hello All!I'm looking at purchasing a property subject to an existing Deed of Trust.(I'm bidding on the second position) The owner passed away in early 2019. There was a Notice of Sale on that DOT posted in February 2...
New Investor, trying to figure out what strategy I could utilize for my very first investment. My goal is to invest in a property that will generate roughly $300/ month in cash flow within the first year. currently sa...
In today's HOT real estate market, it's not smartest guy who gets the deal, it's not the most thorough, nor the most analytical, nor the ones with the most money...it's the one who knows the market intimately - so int...
I have come across a property - new construction, 4 beds, 2.5 baths $285K. With 25% down, 3.5% interest rate, 30 year term - my monthly mortgage including taxes ($500) insurance ($60) and HOA ($35) is around $1,500. P...
Location: NW Indiana, greater Chicago area.
Asking price: 60k
Offer price: 55k
Loan amount: $41250 (25% down, 5.25 interest)
Expenses: $750 annual property tax, $900 annual insurance, 8% vacancy, 13% capex/repairs...
Hi all,
Brandon Turner mentioned in a webinar that he typically looks for properties that will meet BOTH a certain minimum cash flow amount and cash-on-cash ROI. For example, when it comes to single family homes, he...