Hello All! My grandfather recently passed and my (paternal) grandmother is looking to sell her home. My mother lives on a fixed income and is currently renting an apartment. My plan is to move my mother into my grandm...
https://www.biggerpockets.com/calculators/shared/7...The killer on this property is the flood insurance. The lowest I can get it for is $101, and that's with only insuring the loan amount as well as having the highest...
From what I understand there are four ways to make money from a rental property:
1) Cash flow - Pretty straightforward. Total money you receive as income is more than total expenses.
2) Appreciation - Increase in the...
Anyone else get frustrated by those HGTV shows that make it look so easy to flip a home? Flipping a home is a business and like any other - it requires knowledge and planning to actually be successful. I can't tell yo...
Hello BP Community,
This is my first ever post on the forums. I am just starting out on my real estate investing journey and I am currently educating myself as much as possible and trying to identify my niche areas o...
I currently have around 200k in cash that is yielding 5 percent in my brokerage account. I'm thinking of using that same money to potentially buy a rental property that could yield more and appreciate in value over th...
I am curious for those of you who regularly post on BP to hear a little about how you spend your time. Are you full time in another career during the day and real estate at night? Or are you full time in real estate a...
Hey everyone,Looking for a little advice from someone who might have had a similar circumstance in their careers. I am closing on a new duplex in NE Minneapolis, MN next week and have inherited tenants in both units....
Hey Everybody,Many people face this challenge. Should you pay off debt such as a car, credit card, or student loans first? Or should you take the same money and buy a cash flow income property? What would you do an...
Hi All, My goal is to purchase a multi family rental in 2018 and house hack it. I'm curious to know how much you all budgeted for reserves when you purchased your first deal? Would you take your 401k into consideratio...