HI all, just getting started, looking for first deal. I found a MHP locally FSBO, it is 34 units over 7 acres, city water, with septic tanks which owner claims to empty yearly. asking $800k, brings in $91k/year, accor...
Just put an offer in on short sale property for 92k in Bucks County, Pa. Average comps for well maintained houses is around 135k. Average rentals for 3 beds, 1 bath, 1000sft is 1400.
Question:
Is this a good deal?
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Hey BP! I am looking to purchase my first rental property. I am really excited about the opportunities, but I live in pretty rural Illinois. So this is great because I can get a smaller home for 40k, but there is li...
I have a house in an off market deal in the Milwaukee area that i am looking at, the property is located in the 53206 area code. I wanted to see what others thought about the numbers. The seller is looking for $15k, h...
I'm in talks on a fourplex and I wanted to see what everyone thought of the numbers at this point and possibly any advice on what I can do to make the numbers betters.The owner has a bank that will finance 85% for 5.5...
Hi Biggerpocket members,I joined biggerpockets today after it was referred to me by a friend. I am in the process of closing a deal on a SFH 2BR/1BA and I was hoping you could help me with some of my questions.1. Am I...
Bare with me I am very new to this community. So before I found bigger pocket i entered into a deal with a friend. His credit would not allow him to get financing so I cosigned for a 25% position in the property. B...
I have a deal that I think is a good deal. I have analyzed this deal already. 3br/2ba mobile home in Arizona, purchase price: $40,000, estimated repair cost:$0.00 (Home has already had all repairs done), ARV: $ (I did...
Hello BP,I finally was able to get my first deal done a couple of weeks ago! An awesome duplex (that I intend on house hacking) that actually appraised for $10k more than I purchased it for (15% down conventional loan...
I got a lead on a piece of lake front property in Plymouth MA. The property (cottage) is a tear down. No fix and flip here.The seller is motivated (unfortunately she has a terminal illness) and very realistic. I ex...